Mixin founder: The official compensation for damaged assets is up to 50%, and the remaining will be compensated in the form of bond tokens

ChainCatcher message, after the Mixin Network cloud service provider database was attacked, Mixin founder Feng Xiaodong responded in a live broadcast, stating that the compromised assets mainly consisted of core Bitcoin assets, and there was no serious theft of assets such as BOX and XIN. The specific details of the attack cannot be disclosed at this time.

Regarding the stolen assets, the official statement indicated that a maximum of 50% will be compensated, and the remaining portion will be compensated in the form of bond tokens. In the future, the official will use profits for buybacks.

In addition, Feng Xiaodong also stated that Mixin will launch a new system for user asset migration, but the assets that can be transferred will temporarily only be half of the user's balance.