Mixin presents hackers a $twenty million bug reward

Mixin Network sent an on-chain message to the attacker, giving $twenty million if he returned the stolen $200 million.

Mixin presented the attacker a reward of twenty million bucks

Mixin Network, a cross-chain task that not too long ago reported an exploit that threatens up to $200 million in damages, sent on-chain messages with the goodwill of hoping that the attacker will return the funds, along with the proposal to pay out twenty million bucks as a reward for the bug.

From @MixinKernel to the Mixin Network Exploiter: “…You can keep $20 million in resources as a BUG Bounty reward for the BUG…” https://t.co/Zb9H43uYXA pic.twitter.com/DDHCpKzGbB

— PeckShield Inc. (@peckshield) September 27, 2023

The message that Mixin sent to the attacker is the following:

“Most assets belong to customers. We hope you can refund them. You can hold $twenty million in assets as a bug bounty. Please get in touch with us at [email protected] particular for much more specifics.

In today’s up to date submit (September 27), Mixin explained Actual losses have been not as important as estimated:

“We have finished the asset stock and the predicament is considerably much more optimistic than anticipated. The harm was not as important as estimated. Once once more we remind absolutely everyone to stay away from producing transactions, industry makers, and so on. on Mixin Network to stay away from pointless losses.

[Update]
The initially time the incident occurred, we contacted Google (Mandiant) and the blockchain safety business @SlowMist_Team to aid in the investigation.

After various days, we have finished most of the resource evaluation perform and the predicament is considerably much more optimistic than… https://t.co/ySOHCkGK7t

— MixinKernel (@MixinKernel) September 27, 2023

As Coinlive constantly reported, Mixin founder Feng Xiaodong all through an AMA on September 25th Confirmed reduction of at least half of the user’s residence.

Additionally, Feng explained the workforce is contemplating issuing “bond tokens” to impacted customers and strategies to acquire back these tokens. The that means is very similar to the approach of “spending one’s money” to acquire compensation.

With a reduction of at least $one hundred million, Mixin is even now between the greatest attacks of 2023, getting previously incorporated Euler ($197 million), Multichain ($128 million), Atomic Wallet ($one hundred million) .

Mixin’s XIN token fell 33% in a seven-day time period due to the assault.

Mixin Combine token selling price fluctuations in excess of the final seven days. Source: CoinMarketCap (September 27, 2023)

Coinlive compiled

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