Mixin founder: Officials will pay up to 50% of damaged assets, and the remainder will be paid in bond tokens

Odaily Planet Daily reported that after the Mixin Network cloud service provider database was attacked, Mixin founder Feng Xiaodong responded in the live broadcast that the damaged assets were mainly Bitcoin core assets, and assets such as BOX and XIN were not seriously compromised. The specific circumstances of the theft and attack cannot yet be disclosed. Regarding the stolen assets, the official said that the current maximum compensation is 50%, and the remaining part will be paid in the form of bond tokens. In the future, the official will use profits to buy back. In addition, Feng Xiaodong said that Mixin will also launch a new system for user asset migration, but the assets that can be transferred are only half of the user's balance for the time being. According to previous news, Mixin Network announced that in the early morning of September 23, Hong Kong time, the database of the Mixin Network cloud service provider was hacked, resulting in the loss of some assets on the main network. Mixin Network has contacted Google and blockchain security company SlowMist to assist in the investigation. After preliminary verification, the funds involved were approximately US$200 million. Mixin Network deposit and withdrawal services have been temporarily suspended. After discussion and consensus among all nodes, these services will be reopened once the vulnerability is confirmed and fixed. During this period, transfers will not be affected. Regarding how to deal with lost assets, the Mixin team will announce solutions later. Mixin founder Feng Xiaodong will explain the incident in a public Mandarin live broadcast this afternoon. Mixin will summarize the content in English afterwards for your convenience. Mixin will do its best to reduce the loss and deeply apologizes for this.