Opinion about Mixin Messenger Desktop

Opinion about Mixin Messenger Desktop (desktop)

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Mixin Network suffered a major breach on September 23, 2023, due to a vulnerability in its Google Cloud Services-based withdrawal system. The attack led to the unauthorized extraction of over $150 million in BTC, ETH, and USDT-ERC20, traced to known addresses. Mixin immediately suspended deposits and withdrawals, enlisted Slowmist and Mandiant for investigation, and offered a $20M bounty for asset recovery. Losses were converted into a structured debt, with a repayment commitment using existing funds and future ecosystem revenue. As of April 2024, a new mainnet is operational, core products are restored, and over half of affected users have received partial compensation in XIN tokens.

• Sourcemixin.network

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