Mixin Network, a Hong Kong-based decentralized cross-chain transfer protocol, is drawing controversy over the disclosure of a $200 million hack.
On Sept. 23, the database of Mixin’s cloud service provider was breached by hackers, resulting in the loss of $200 million in assets on its mainnet. Deposits and withdrawal services were immediately suspended on the protocol. However, developers said transfers would not be affected as the investigation continues.