🚨 Mixin Network Hacked for Nearly $200 Million! 🚨

Mixin Network, a layer-2 protocol for cross-chain transfers, has confirmed a recent hack that resulted in a loss of approximately $200 million. The attack targeted the database of Mixin Network's cloud service provider, exposing the vulnerability of relying on a centralized database.

Key points:

- Mixin Network's total asset value is over $1.1 billion

- 663,489 unique monthly BTC transactions and 179,647 ETH transactions in July

- Mixin Network's founder to address the issue in a live stream

What are your thoughts on this massive hack? Share your opinions in the comments below! 💬