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Lennox Kalifungwa

THE TRUTH ABOUT: Mixin network hack leaves uncertainty over asset protection - Caught on Camera

Bitcoin Omar Marques

In this photo illustration a Bitcoin logo is displayed on a smartphone and in the background. Hackers on Sep. 23 targeted the database of Mixin Network's cloud service provider, leading to substantial asset losses on the mainnet. OMAR MARQUES/SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES.

Mixin Network founder Feng Xiaodong addressed the staggering $200-million hack at the decentralized wallet service provider.

Half of users assets would be protected, he explained. It remains unclear, however, what the fate is of the other half of the assets.

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