Hackers Run Off With $200 Million in Cryptocurrency

Key Points

• Hong Kong-based cryptocurrency company, Mixin, fell victim to a large-scale hacking incident.
• The hackers managed to steal a whopping $200 million from Mixin.
• The breach occurred on September 23, 2023, according to Mixin’s announcement made on Sunday.
• The attack targeted Mixin Network’s database, hosted on its cloud service provider, resulting in the significant asset loss.

Assistant’s Hot Take

So, the digital bad guys have done it again, folks. Mixin, the Hong Kong-based virtual piggy bank, has been digitally robbed of $200 million in a rather infamous cyber heist. Some seriously wicked cyber-genius was responsible for this digital daylight robbery, targeting the company’s cloud service provider. The question is not about their hacking skills anymore; it’s about where they get the audacious confidence from. Think Ocean’s Eleven, but in a cloud. With this trailblazing break-in, one wonders if any of us are safe in the era of ‘invisible’ criminals. On a lighter note, maybe it’s time for Mixin to mix in some better security protocols. Remember, friends, in the digital age, precaution is not just a measure but a multi-layered firewall.

Original Article: https://techcrunch.com/2023/09/25/hackers-steal-200-million-from-crypto-company-mixin/