Mixin Network got hit with a $200M exploit, but there is a plot twist—they’re offering the hacker a $20M “bug bounty” to return the funds. 🌌
Yes, you read that right. They’re like, “Hey, Mr. Hacker, keep $20M and give us the rest back.”
Mixin’s latest update says the losses aren’t as catastrophic as we thought. They’re telling everyone to chill on the transactions for now. Security firms are on it, and Google is even in the mix.
[Update]
The first time the incident occurred, we contacted Google (Mandiant) and blockchain security company @SlowMist_Team to assist with the investigation.After several days, we have completed most of the asset tally work, and the situation is much more optimistic than… https://t.co/ySOHCkGK7t
— Mixin Kernel (@MixinKernel) September 27, 2023
If the hacker doesn’t play ball, this could be one of the biggest DeFi exploits ever. Ouch. 📉