crypto exchangeMixin Founder: Up to 50% of damaged assets will be compensated

Mixin Founder: Up to 50% of damaged assets will be compensated

According to news on September 25, after the Mixin Network cloud service provider database was attacked, Mixin founder Feng Xiaodong responded in a live broadcast that the damaged assets were mainly Bitcoin core assets, and assets such as BOX and XIN were not seriously affected. The circumstances of the theft and the specific circumstances of the 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 also 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.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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