🚨 As a result of a cyber attack on the database of the cloud provider Mixin Network, assets worth about $200 million were stolen, which led to a drop in the value of the XIN token by 10%. The Mixin team has temporarily suspended deposits and withdrawals on the platform and is working with Google and blockchain company SlowMist to investigate the incident. 💣

Services will resume once all vulnerabilities are resolved. Mixin founder Feng Xiaodong will explain the situation in a public Mandarin live broadcast on September 25th. The total value of assets locked in the protocol fell by $30 million to $352 million, highlighting the need for comprehensive security strategies for crypto protocols.