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Author Topic: Re: Mixin hack! CEO Begs Hackers To Return Funds and Take $20m Reward  (Read 314 times)
julerz12
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October 02, 2023, 11:47:47 AM
 #21

How exactly would Mixin team get $20M free if this was an inside job? I would like to hear the logic behind this.

What's more important, if this was indeed an inside job they woulnd't offer reward to their own employee piublically to give back the money because they would know who actually did it.
I think what he meant was that the entire mixin team are in on it, not just one person. Not sure how many people work on that company but if everyone gets a share of that $20m, especially when there are only a couple of people involve, they'd still get a pretty good chuck out of it.
Though, as another user here already mentioned, such thing is so far fetched and quite honestly, baseless.

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October 02, 2023, 02:51:31 PM
 #22

I think what he meant was that the entire mixin team are in on it, not just one person. Not sure how many people work on that company but if everyone gets a share of that $20m, especially when there are only a couple of people involve, they'd still get a pretty good chuck out of it.
From where do you think those $20 million rewward would come from other than Mixin? So how would it make any sense to hack themselves, then take $20 million of their own money, share among themselves and all that while ruining their reputation as that's what happens when clients see that someone managed to steal that amount of money.

It would be entirely different thing if someone else is giving reward money (like some sort of insurance fraud) but since they are natually doing it, it makes no sense that the whole team is on it.


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BitcoinsGreat
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October 02, 2023, 03:00:36 PM
 #23

If this is an inside job, then i think that this deal will be done, Mixin team gets $20M for free and the reputation restored, Business continues, nice move !!
How exactly would Mixin team get $20M free if this was an inside job? I would like to hear the logic behind this.

What's more important, if this was indeed an inside job they woulnd't offer reward to their own employee piublically to give back the money because they would know who actually did it.

By inside job, i mean it is being done by the owners of the Mixin Network and not by any employee. By the way, most inside jobs are initiated by the owners or by the will of the owners.

From where do you think those $20 million rewward would come from other than Mixin? So how would it make any sense to hack themselves, then take $20 million of their own money, share among themselves and all that while ruining their reputation as that's what happens when clients see that someone managed to steal that amount of money.

Where did that $200 Million was hacked? It was not the property of Mixin Network, but it was the people's money stored on their platform.

So what's wrong if they get hold of $20M of the people's money and say they give it to the hackers (the mixin owners at the backend), return the $180M back to the network and resume the service? Nice Business Idea to fool people.  Shocked
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October 02, 2023, 03:11:14 PM
 #24


So what's wrong if they get hold of $20M of the people's money and say they give it to the hackers (the mixin owners at the backend), return the $180M back to the network and resume the service?
Do you think that ruining one's reputaion is worth measly $20 million? Yeah I said "measly" because I read somewhere that they had in control ~$1 billion, meaning ruining that kind of business for $20M doesn't make any sense to me.

Keep in mind that this hack will affect their business as many will get the money out as soon as withdrawals are available again.

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