This unfortunate event marks the second significant cryptocurrency breach in Hong Kong this month, underscoring the persistent challenges faced in safeguarding digital assets, despite regulatory efforts. The address Exploiter 2 received more than 23.5 million USDT from Mixin which was then sent to a swap protocol and converted into approximately 23.5 million DAI. The address Exploiter 1, through a series of more than 10,000 transactions, received a total of 59,807 ETH from more than 11,400 Mixin wallets, which is equivalent to approximately $94 million. At the time of investigation, the funds were currently unmoved and the exploiter’s addresses currently held the stolen $144 million.