Mixin Network offers $20M bug bounty to hackers in $200M hack
Mixin Network suffered a breach in its third-party cloud server database resulting in the theft of nearly $200 million worth of digital assets. Mixin Network, a decentralized cross-chain protocol, in a message to the hacker behind the $200 million exploit on Sept. 23, has offer ed a $20-million bug bounty for the return of the remaining funds. Mixin Network encrypted the message with the exploiter transaction, requesting the exploiter to return the funds as the majority of the stolen funds were user assets. “Most of our platform assets were users, and we hope you can refund them. You can keep $20M of the assets as a BUG Bounty Reward for the BUG.” Mixin Network confirmed the exploit on Sept. 25, claiming the exploiters managed to breach a third-party cloud service provider, which resulted in the theft of nearly $200 million of assets from the platform. [Announcement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Network's cloud service provide...