Mixin: Compensation Ratios for $BTC, $ETH, and $USDT are 90%, 30%, and 10% Respectively

Mixin founder Feng Xiaodong stated in Mixin Messenger that the main stolen assets in this recent attack incident were Bitcoin, Ethereum, and USDT in ERC-20 format.

Users will receive compensation at the following ratios: Bitcoin (90%), Ethereum (30%), ERC-20 format USDT (10%). Feng Xiaodong mentioned that for other token teams are prepared to use existing funds and borrow money to provide 100% compensation. For the three mentioned tokens with the largest amount stolen, compensation will be calculated in USD bonds based on the token prices on the day of the theft. Priority will be given to compensating the victims of ERC-20 USDT.

Furthermore, Feng Xiaodong also stated that the reason for the initial estimated loss of $200 million was due to the difficulty of tracking and recovering assets in Mixin, a system designed primarily for privacy and decentralization. It was challenging to determine the full extent of the losses, and the recovery efforts have only resulted in the retrieval of a portion of the lost assets.

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