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Hong Kong’s Crypto Firm Hit by Unprecedented $200 Million Cyber Heist

Hong Kong-based Mixin Network, a blockchain protocol aiming to tackle scalability challenges, has fallen victim to a massive cyberattack resulting in losses nearing $200 million. The cyber heist, which is considered the largest of its kind this year, has sent shockwaves through the crypto space, raising significant concerns about the security of digital assets.Mixin, which facilitates transfer of digital assets, was compromised when hackers targeted its network's cloud service provider. This a... Read More

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Posted: Sep 25 2023, 21:47

Author Name: financemagnates

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