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Mixin Network

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

1 entities · 1 linked investigation
Organizations
□Mixin Network
Relationships
    Also appears in
    Mixin Network·28

    Connected Through

    1 shared actor · 1 investigation

    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)

    2017-11-01

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

    2023-09-23

    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.

    2023-09-25

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

    2023-09-25

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

    2023-09-26

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

    2023-09-26

    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.

    2024-02-01

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

    2025-10-01

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

    2026-02-12

    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-chainsrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

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

    last updated: 5/20/2026, 6:22:04 PM

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