Mixin Network hacked for $200 Million
2023-09-26 • Elliptic •
https://www.elliptic.co/blog/mixin-network-hacked-for-200-million
Mixin – a cross-chain peer-to-peer network for crypto transfers – has become the latest casualty of crypto thieves. Elliptic has previously discussed this laundering typology in its inaugural “State of Cross-chain Crime” report, which covers the growing criminal exploitation of decentralized exchanges and other decentralized anonymous exchange protocols, such as cross-chain bridges and coin swap services. Based on publicly-shared exploiter addresses, Elliptic’s internal analysis suggests that the stolen funds consist of $95.3 million in Ether (ETH), $23.7 million in Bitcoin (BTC) and $23.6 million in Tether (USDT).