• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Mixin presents hackers a $twenty million bug reward

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

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

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023

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

Maybe you are interested:

Join the discussion on the hottest problems in the DeFi industry in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: bugHackersmillionMixinmixingoffersreward
Share76Tweet47

Related Posts

Ripple-SEC Lawsuit Update: XRP Drops 5% on Court Ruling

by shark
May 17, 2025
0

Ripple vs SEC lawsuit impacts XRP price, dropping to $2.4 after a court ruling. Market confidence wavers.

BNB Chain DEX Volume Peaks Amid Ethereum, Solana Comparison

by shark
May 17, 2025
0

BNB Chain's decentralized exchange volume reached $3.22 billion on May 14, 2025, surpassing Ethereum but trailing Solana, indicating a potential...

BlackRock’s IBIT Leads Bitcoin ETF Inflows on May 15

by shark
May 17, 2025
0

BlackRock's IBIT dominates Bitcoin ETF inflows on May 15, despite Wisconsin Board exit.

DOJ Proceeds with Charges Against Tornado Cash Developer

by shark
May 17, 2025
0

DOJ advances with criminal charges against Roman Storm, Tornado Cash developer, amid privacy tool scrutiny.

DDC Enterprise Announces Strategic Bitcoin Reserves Plan

by shark
May 17, 2025
0

DDC Enterprise Ltd boosts its strategic position by announcing a new Bitcoin reserves plan amidst corporate restructuring.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Ripple-SEC Lawsuit Update: XRP Drops 5% on Court Ruling
  • BNB Chain DEX Volume Peaks Amid Ethereum, Solana Comparison
  • BlackRock’s IBIT Leads Bitcoin ETF Inflows on May 15
  • DOJ Proceeds with Charges Against Tornado Cash Developer
  • DDC Enterprise Announces Strategic Bitcoin Reserves Plan
  • Méliuz Makes Historic $28.4M Bitcoin Purchase
  • Binance’s CZ Warns Users Against Crypto Phishing Threats
  • Wisconsin Investment Board Sells Entire BlackRock Bitcoin ETF Holdings
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7