After a cyberattack resulted in a staggering $200 million loss from the decentralized exchange (dex) platform Mixin, the company revealed that its cloud service provider had been compromised. In a bid to recover the stolen funds, Mixin is now extending a $20 million reward to the hacker upon the return of the assets. Through an…
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Xiaodong Feng, Mixin’s founder, immediately outlined a compensation plan but would only reimburse up to 50% of users’ assets for now. Mixin Network, a Hong Kong-based decentralized cross-chain transfer protocol, is drawing controversy over the disclosure of a $200 million hack. On Sept. 23, the database of Mixin’s cloud service provider was breached by hackers,…
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Mixin Network’s founder Feng Xiaodong addressed the $200 million hack in a livestream saying that they could initially ensure the security of only half of its users’ assets. Mixin Network revealed a massive hack earlier today on the database of its cloud service provider, compromising users’ assets worth $200 million…. Read More: Mixin Network Founder…
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On the verge of dipping below the $40 billion mark on August 2, the overall value locked in decentralized finance (defi) has made a comeback, rising to over $41 billion. Additionally, the defi crypto sector has swelled to $45.08 billion, reflecting a 6.17% rise in just a day. Defi Resurgence: $45 Billion Market Cap Achieved…
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The total value locked (TVL) in decentralized finance (defi) during the first week of April is about $50 billion, roughly the same as on March 1. The value locked dropped to $42 billion on March 12 but has since rebounded as protocols such as Lido Finance, Aave, and Justlend recorded double-digit monthly gains. After the…
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The U.S. Treasury Department has released further clarifications on the sanctions placed on the popular cryptocurrency mixer Tornado Cash. The department stated that the sanction does not affect the rights of individuals in the U.S. to view and disseminate the open-source Tornado Cash code. … Read More: US Treasury – You Are Not Breaking Sanctions by…
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