Mixin Safe: A Convenient and Decentralized Multisig + MPC + Timelock solution

[stompix]

I don't know where Igebotz got that from, but I don't think that's true. According to media reports, during a live briefing on September 25th, Mixin's founder, Xiaodong Feng, stated that they would compensate users "up to 50%" for the stolen assets, with the remainder being distributed to users as "tokenized liability claims" that Mixin would eventually repurchase "with its future profits".

lol, "compensate" ?
I love how they always use stupid wording like this, trying to pose like they are in control, they are the ones taking the hit, and they will suffer one century in pain but will make everything up for their customers!

It's no compensation, compensation is when you take something and give something in return, this is just taking half of the money away!
Imagine how a robber would testify in court and argue that he took only one TV and the jewelry so has already compensated the victim by letting him have his fridge and socks!!!

https://twitter.com/MixinKernel/status/1709869557287178402

After statistical analysis, the affected assets in this incident were mainly ERC20-USDT, ETH, and BTC. Other assets were not affected. The specific compensation details are still under discussion. Please stay tuned for updates on the progress of this incident. In order to improve the Network and provide more secure services, after a week of rigorous evaluation, we will make the following updates to the Mixin Network:

again, lol

1. Release a new system based on Mixin Safe to enhance network security. The new system is expected to go online in 3-4 weeks. After another 2 weeks of system inspection, deposit and withdrawal functions can be opened.

deposits and withdrawals, quite optimistic, I am willing to bet on a 1000:1 ratio between the two

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[Igebotz]

The CEO stated that the timelock will only expire if the vulnerabilities are found and fixed

Where did you read such statement? Honestly, all I've read is that they stated their services will be reopened "once the vulnerabilities are confirmed and fixed". That makes sense.

Lol Tell us more, it seems you know more than the rest of us - You're merely reading the lines, whereas I'm deciphering the meaning. They're not going to compensate anyone, and the only thing you'll probably see in your balance are some shady tokens. No way the owner compensating anyone out of his own pocket..

These days when an entity get hacked both the owners and the customers bears the loss, no fund insurance policy.

[FatFork]

The CEO stated that the timelock will only expire if the vulnerabilities are found and fixed

Where did you read such statement? Honestly, all I've read is that they stated their services will be reopened "once the vulnerabilities are confirmed and fixed". That makes sense.

Lol Tell us more, it seems you know more than the rest of us - You're merely reading the lines, whereas I'm deciphering the meaning.

Keep your socks on, I'm not here to defend Mixin or anything, and I don't work for them either. I'm just sharing the info I come across. You said, "The CEO stated..." and I simply asked, "Where did you read such a statement?"

Also, you mentioned "timelock," so I assume you're referring to Mixin Safe. It's already been said multiple times in this thread - it's a different service! The Mixin Safe service has never been suspended or affected by the hack, as far as I know. If you have different information, please share.

To quote LoyceV:

I've seen several incorrect posts by now. To be clear: Mixin lost $200M, not Mixin Safe.