Mixin, a Hong Kong-Based Crypto Firm, Loses $200 Million in Recent Cyberattack

Mixin, a Hong Kong crypto firm, suffered a $200 million hack.

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It's the largest crypto theft of 2023.

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Hackers targeted Mixin's cloud service provider's database.

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Mixin is a platform for digital asset transfers with one million users.

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User withdrawals were temporarily halted, but transfers remained unaffected.

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Mixin plans to announce a solution for recovering lost assets.

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This hack ranks as the 10th largest in crypto history.

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In 2022, hackers stole $3.8 billion in crypto.

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The incident highlights the need for robust crypto security measures.

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Industry regulators may reevaluate security protocols in response.

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