Cryptocurrency company Mixin announced Monday that hackers stole nearly $200 million early Saturday, in what researchers described as the largest cryptocurrency theft so far this year.
Mixin, whose LinkedIn page says he resides in Hong Kong, said in an article about the platform's assets that the amount is about $200 million.
Mixin describes itself as a network for transferring digital assets. According to its website, the company has one million users.
The company said it stopped allowing users to withdraw money from the network, but transfers were not affected and services will reopen once the security flaw is fixed.
Mixin added that she would announce a solution “to deal with the missing assets.”
According to blockchain research firm Elliptic, this would be the 10th largest cryptocurrency hack ever in terms of number of cryptocurrencies stolen, with a loss of $200 million, and the largest so far in 2023.
According to researcher Chainaana Analysis, hackers stole $3.8 billion worth of cryptocurrencies last year. This made it the worst year since records began.
In early September, investigations revealed that North Korea-linked hackers stole hundreds of millions in cryptocurrency to fund the regime's nuclear weapons program.
Last March, US officials accused North Korea-linked hackers of using keys to steal a record more than $600 million in Ronin Bridge crypto assets, particularly stolen passwords, in the popular blockchain game Axie Infinity. Users earn and manage money.