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Mixin Network

avoid.net/mixin-network→10/100·100% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·5KaK61…s8gr

Summary

Mixin Network is a Hong Kong-based layer-2 cross-chain payment protocol that suffered the largest single crypto hack of 2023 when attackers compromised its cloud service provider's database and drained approximately $200 million in ETH, BTC, and USDT. The network remains operational but has only partially compensated users, the majority of stolen funds remain unrecovered, and a dormant attacker wallet moved funds to Tornado Cash in February 2026.

Connected Entities

7 entities · 60 linked investigations
Organizations
□Mixin Network28□Ethereum64□Tether□Binance
Exchanges
△BigONE Exchange
Protocols
⌂Uniswap
Tokens
♦Bitcoin
Relationships
  • Ethereum→mentioned with→Bitcoin(60%)
  • BigONE Exchange→mentioned with→Ethereum(65%)
  • BigONE Exchange→mentioned with→Bitcoin(70%)
  • Binance→mentioned with→Tether(60%)
  • Binance→mentioned with→Ethereum(65%)
  • Uniswap→mentioned with→Bitcoin(60%)
  • Uniswap→mentioned with→Ethereum(80%)
  • Mixin Network→mentioned with→Binance(60%)
  • Tether→mentioned with→Bitcoin(60%)
  • Mixin Network→mentioned with→Uniswap(65%)
  • + 4 more
Also appears in
Ethereum·64Pando Rings·18Lendf.me·30Levyathan·18Jump Trading·42StableMagnet·2Shibarium·28Bankr·18Nexera·32Sky (MakerDAO)·51+ 50 more

Connected Through

7 shared actors · 626 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Mixin Network?

Timeline(9 events)

November 2017

Feng Xiaodong establishes the Mixin blockchain team in Hong Kong with fewer than 20 people.

23 September 2023

Attacker compromises the database of Mixin Network's cloud service provider; approximately $200 million in ETH, BTC, and USDT drained via 10,000+ unauthorized withdrawal transactions.

25 September 2023

Mixin Network publicly discloses the breach, suspends all deposits and withdrawals, and contacts SlowMist and Google for investigation support.

25 September 2023

Founder Feng Xiaodong holds live briefing; announces 50% immediate stablecoin repayment and 50% via future bond tokens (MDT).

26 September 2023

Mixin offers attacker a $20 million bug bounty for return of stolen funds. Offer is not accepted.

26 September 2023

Elliptic, Merkle Science, and Lookonchain publish on-chain analysis confirming asset breakdown: 59,807 ETH, 891 BTC, 23.57M USDT. Attacker immediately swaps USDT to DAI on Uniswap.

February 2024

Mixin Kernel officially launches Mixin Debt Token (MDT) in three tranches (MDTu, MDTe, MDTb) as the mechanism for the 50% deferred repayment.

October 2025

Mixin provides repayment update: MDTu (~$23 million) targeted for full repayment by September 2026; no timeline disclosed for MDTe or MDTb.

12 February 2026

Dormant attacker wallet moves 2,005 ETH ($3.85 million) through three newly created wallets to Tornado Cash — first movement of stolen funds in over two years. Remaining balance: approximately 57,849 ETH and 891 BTC.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain19 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 19 of 21 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:38 AM

last updated: 9/15/2026, 4:12:54 PM

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