Report: hackers control over 90% of Mixin’s USDT holdings
Elliptic, a blockchain forensic firm, has disclosed that cyber-criminals responsible for the Mixin Network hack currently control more than 90% of the project’s USDT holdings . In a blog post on Tuesday, Sep. 26, Elliptic’s senior crypto threat analyst, Arda Akartuna, revealed that the London-based firm analyzed the stolen funds in relation to Mixin’s most recent financial statement from July 2023. It appears that hackers now control 93% of Mixin’s USDT ($23.6 million), 71% of its Ethereum ($95.3 million in ETH), and 9% of its Bitcoin ($23.7 million in BTC). The graph of value of crypto stolen from Mixin | Source: Elliptic You might also like: Although the stolen funds are yet to laundered, Elliptic says the hackers have sent the stolen USDT through Uniswap to exchange it to DAI, an algorithmic stablecoin. In a post on Wednesday, Sep. 27, Mixin did not directly address Elliptic’s findings but provided reassurance to users, stating that...