Mixin Network DeFi Exploit Alert. What happened. Mixin Network faced a $200M loss due to a hack on Sept 23 . Immediate impact.
25 Sep 2023, 08:40
🚨 Mixin Network DeFi Exploit Alert 🚨
What happened? Mixin Network faced a $200M loss due to a hack on Sept 23 🕵️♂️
Immediate impact? Their Total Value Locked (TVL) plunged by $30M 📉
#RichQUACK $QUACK #CryptoNews
XIN token response? Down 8.5% in 24 hours, now trading at $195 📊
Behind the scenes? Services paused; the team's working with Google & SlowMist for a fix 🛠️
Eye-opener? Despite being decentralized, Mixin relied on a centralized database - a key vulnerability ⚠️
For more insights: Mixin founder Feng Xiaodong to host a livestream today at 13:00 HKT 🎥.