TechFlow News — According to Tianyancha App, Mixin Network founder Feng Xiaodong and Li Xiaolai are both shareholders of Feigeman (Beijing) Technology Co., Ltd. As of now, Feng Xiaodong holds 94% of the shares, while Li Xiaolai holds 5%. The company identifies itself as Mixin on its official website.
In addition, Luo Yonghao joined Feigeman as a shareholder in February 2016 with a 4% stake. However, he exited the shareholder list in February 2023. In a 2018 Weibo post, Luo mentioned having invested over one million RMB in cryptocurrency trading, which he later stopped following; the value of those holdings has since grown to more than 30 million RMB.
Earlier reports indicate that Mixin Network announced its cloud service provider's database was hacked early on September 23rd, Hong Kong time, resulting in partial asset losses on the mainnet. Preliminary verification estimates the affected funds at approximately $200 million. Mixin Network has contacted Google and blockchain security firm SlowMist to assist with the investigation. While deposit and withdrawal services have been suspended, regular transfers remain unaffected.
Mixin team will later announce a solution regarding the handling of affected assets. Feng Xiaodong will explain the incident via a public Mandarin livestream at 13:00 Hong Kong time on September 25th, followed by an English summary for reference. Mixin has pledged to make every effort to minimize losses and expressed deep apologies for the incident.
