Mixin, a Hong Kong-Based Crypto Firm, Loses $200 Million in Recent Cyberattack
Mixin, a Hong Kong crypto firm, suffered a $200 million hack.
It's the largest crypto theft of 2023.
Hackers targeted Mixin's cloud service provider's database.
Mixin is a platform for digital asset transfers with one million users.
User withdrawals were temporarily halted, but transfers remained unaffected.
Mixin plans to announce a solution for recovering lost assets.
This hack ranks as the 10th largest in crypto history.
In 2022, hackers stole $3.8 billion in crypto.
The incident highlights the need for robust crypto security measures.
Industry regulators may reevaluate security protocols in response.