Mixin Network Halts Deposit and Withdrawal After Cyber Attack!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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The deposit and withdrawal services on Mixin Network, a cryptocurrency wallet solution, have been temporarily suspended after a cyber attack on its cloud service provider database, which involved around $200 million of funds. Transfers are not affected, and the Mixin team will announce a solution for lost assets in due course. Mixin, which is invested in and promoted by the well-known Chinese KOL Li Xiaolai, supports 48 public chains and has total network assets exceeding $1 billion. The services will be reopened once the vulnerabilities are confirmed and addressed.

Source: https://coinpedia.org/crypto-live-news/mixin-network-halts-deposit-and-withdrawal-after-cyber-attack/