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Mixin Network Proposes $20 Million Malicious program Bounty to Hacker in $200 Million Security Breach

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Provide: Getty PhotosMixin Network, the Beleaguered injurious-chain transactional community for digital property, which suffered an assault on Sept. 23 wiping $200 million, has supplied a worm bounty to the exploiter on Wednesday.

“Most of our platform property were users’, and we hope you are going to be ready to refund them. You would possibly perhaps perhaps presumably preserve $20M of the property as a BUG Bunty Reward for the BUG,” the firm stated in a tag to the exploiter on Etherscan.

The Hong Kong-primarily primarily based crypto agency urges the hackers to contact them by activity of [email protected] for additional recordsdata on the bounty reward.

Following the hack, Mixin temporarily halted deposit and withdrawal providers and products to its prospects, till the vulnerabilities were mounted after “dialogue and consensus among all nodes.” It also wrote on X (Twitter) that the blockchain safety firm SlowMist has stepped in to abet with an investigation.

The Mixin personnel stated on Sept. 25 that it would possibly perhaps perhaps perhaps bid the resolution for the capability to tackle the misplaced property in a later date. Mixin founder Feng Xiaodong will talk about the exploit at a are dwelling dash in Mandarin on Monday, it added.

At some level of the are dwelling dash, Xiaodong stated that the Mixin personnel can “only be inch on the least half of of the property are actual,” as of now.

Mixin: Voice is “Extra Optimistic”With the exception of announcing a worm bounty to the exploiters, Mixin stated in a separate post that “the grief is draw extra optimistic than expected,” after the completion of asset tally work.

The platform reassured that the property misplaced “are not as most important as estimated” and reminded users that the asset transactions and market making providers and products peaceable remained suspended “to end useless losses.”

“In terms of the asset losses, we will have the flexibility to only spend responsibility thru action moreover apologizing. On the same time, being responsible has gradually been Mixin’s perspective. Suppose compensation principles peaceable need a whereas.”

However, in line with a neighborhood myth, Xiaodong stated that the platform would refund users up to 50% of the losses incurred and the final funds will be paid in the fetch of bond tokens.

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