Mixin completes $23M payout to victims of 2023 hack
- —The September 2023 breach cost Mixin roughly $150 million in BTC, ETH and USDT
- —MDTu, MDTe and MDTb tokens were issued to represent the lost USDT, ETH and BTC
- —The full $23 million MDTu redemption was completed on Sept. 23, 2026
- —Mixin claims over 10 million users and more than $1 billion in self-custodied assets
Why it matters: A rare case of a hacked project fully honoring its obligations, setting a benchmark for how creditors assess recovery prospects.
Source: TechFlow (Substack)