Crypto startup Mixin, has disclosed on the social networking site X on Monday that hackers had stolen atleast $200 million from the company.
The cloud service provider’s database was “attacked by hackers, resulting in the loss of some assets,” according to Mixin, which cites Hong Kong as its home on LinkedIn. The company also stated that “the funds involved are approximately US$200 million.”
Mixin boasts of one million users, and is described as a network for the exchange of digital assets.
It said on X, formerly known as Twitter, that it has halted enabling users to withdraw money from the network, but that transfers were unaffected. It also stated that once the vulnerabilities are patched, services will resume.
Mixin will make an announcement regarding “how to deal with the lost assets,” the company added.
Last year, as much as $3.8 billion worth of cryptocurrency was stolen by hackers, making it the worst year ever, according to blockchain specialists Chainalysis.
