The firm hit by hack

[eliasisaac5]

Mixin network has confirmed a report that it has been hacked and lost some assets worth nearly $200 million.

Mixin Network said in a statement that “In the early morning of September 23, the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the loss of some assets on the main net,”

The Mixin Network is a free, powerful, and quick peer-to-peer transactional network for Digital Assets. The company was launched in 2017 with more than $1 billion in total assets secured.

It is the largest crypto theft so far this year.

They said that they have stopped the services, they had stopped allowing users to withdraw their funds but the users can transfer anything and the services will re-open once the problem is fixed.

They have also said that they will announce a solution for “how to deal with the lost assets”

 

[Mia1]

We await Mixin Network's announcement regarding the solution for handling the lost assets, which will be a crucial step in recovery.

 

[GraceAnderson]

This incident highlights the need for insurance solutions in the crypto space to protect users against such losses.

 

[Bash4j]

Sad as it may feel, I think crypto exchanges have to move from corrective to adopting preventive measures The recent Bitget Cobo collaboration might help to boost the security architecture of any platform.

To avoid falling victim to such incidents, here are some general tips to help you protect your crypto assets:

1. Choose a reputable exchange: Research and select a well-established and secure cryptocurrency exchange with a good track record and robust protective funds like Bitget and Binance

3. Enable two-factor authentication (2FA): Enable 2FA on your exchange accounts to add an extra layer of protection.

4. Keep software up to date: Regularly update your computer and mobile device software to ensure you have the latest security patches.

5. Beware of phishing attempts: Be cautious of suspicious emails, messages, or websites that may attempt to trick you into revealing your private keys or login credentials.

6. Secure your private keys: Store your private keys in a safe place and avoid sharing them with anyone.

7. Diversify your holdings: Consider diversifying your cryptocurrency holdings across multiple wallets and exchanges to minimize risk.

 

[ImamShaheb]

Mixin network has confirmed a report that it has been hacked and lost some assets worth nearly $200 million.

Mixin Network said in a statement that “In the early morning of September 23, the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the loss of some assets on the main net,”

The Mixin Network is a free, powerful, and quick peer-to-peer transactional network for Digital Assets. The company was launched in 2017 with more than $1 billion in total assets secured.

It is the largest crypto theft so far this year.

They said that they have stopped the services, they had stopped allowing users to withdraw their funds but the users can transfer anything and the services will re-open once the problem is fixed.

They have also said that they will announce a solution for “how to deal with the lost assets”

These hacking related things are becoming scarry over time.
Also this is why I love the fact that, tier1 exchanges are taking necessary steps to prevent these kinda loss. Ex. Bitget have launch protection fund worth 300m+ to protect users assets ,,,just in case!!!

 

[Bestmary]

Sad as it may feel, I think crypto exchanges have to move from corrective to adopting preventive measures The recent Bitget Cobo collaboration might help to boost the security architecture of any platform.

To avoid falling victim to such incidents, here are some general tips to help you protect your crypto assets:

1. Choose a reputable exchange: Research and select a well-established and secure cryptocurrency exchange with a good track record and robust protective funds like Bitget and Binance

3. Enable two-factor authentication (2FA): Enable 2FA on your exchange accounts to add an extra layer of protection.

4. Keep software up to date: Regularly update your computer and mobile device software to ensure you have the latest security patches.

5. Beware of phishing attempts: Be cautious of suspicious emails, messages, or websites that may attempt to trick you into revealing your private keys or login credentials.

6. Secure your private keys: Store your private keys in a safe place and avoid sharing them with anyone.

7. Diversify your holdings: Consider diversifying your cryptocurrency holdings across multiple wallets and exchanges to minimize risk.

I just talked about this few minutes ago in a user a post. Glad to see something like this and maybe have it to be among the trading 101 for any new user trying to get into crypto. We should never take security for granted

 

[Bash4j]

I just talked about this few minutes ago in a user a post. Glad to see something like this and maybe have it to be among the trading 101 for any new user trying to get into crypto. We should never take security for granted

A gree mate. With exchange like Bitget that is still among one of the top five globally recognized derivatives trading platforms by volume and was described to be a secure, trustworthy, and reliable platform that offers many other features with the lowest transaction fees among the top 10 crypto exchanges remain a viable option worth exploring.

 

[ImamShaheb]

This incident highlights the need for insurance solutions in the crypto space to protect users against such losses.

Yeah, most of the renowned institutions like Bitget/Nance are taking necessary steps... Mandatory KYC is on of those steps ya.

 

[Dorik]

Notorious North Korean hackers stole $41 million in crypto from an online casino. The FBI says the group has stolen more than $200 million this year alone.

 

[ImamShaheb]

Notorious North Korean hackers stole $41 million in crypto from an online casino. The FBI says the group has stolen more than $200 million this year alone.

Casino/Gamble was never my thing! But,from the recent history of crypto, I can say that, whenever these kinda things happen to any crypto institutions, the major players always came forward to help. Whether it's Nance, Bitget or Kucoin, their worm help was just 💗.

Even, to preventthese kinda situation Bitget have launched something outstanding. To ensure the utmost security and reliability for their users, Bitget has created a groundbreaking $300-million Protection Fund.