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Sky Mavis, the creator of the play-to-earn game Axie Infinity (AXS), announced that it will reimburse victims of the Ronin bridge hack and reopen the bridge next week.In March, hackers stole more than $620 million in the heist, which included roughly 17,600 Ether (ETH) and 25.5 million USD Coin (USDC)
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The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 24, 2022. Source
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Sky Mavis, the developer of play-to-earn game Axie-Infinity, will reimburse victims of the $620 million Ronin bridge hack. Original Source
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More than 5,505 Ether of the Ronin Bridge exploitation seems to be transferred through Tornado Cash, a unique privacy crypto exchange. Blockchain data showed that the address associated with the $625 million Ronin Bridge Attack had begun transferring ether tokens valued at over $10 million. This occurred during the Asian morning
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Ronin Network was hit by a $625 million exploit in March that affected Ronin validator nodes for Sky Mavis, the publisher of the popular Axie Infinity game, and the Axie DAO. The attacker “used hacked private keys in order to forge fake withdrawals,” Ronin said in a blog post at
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The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late last month. As Cryptox previously reported, the Ethereum sidechain developed for the popular NFT game Axie Infinity was the victim of an exploit
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The operators of the Ronin exploit wallet, said by the FBI and OFAC to be North Korea's Lazarus hacking group, have been laundering funds by moving them from a sanctioned address to an intermediary address before sending the funds to Tornado Cash, a mixer designed to obfuscate the source and
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Via a Twitter post on Friday, Changpeng Zhao, CEO of Binance, said that the cryptocurrency exchange recovered $5.8 million spread over 86 accounts in digital assets moved to the exchange by Lazarus Group. Last month, the North Korean cyber-criminal group allegedly stole 173,600 Ether (ETH) and 25.5 million USD Coin
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According to the U.S. Treasury and the Office of Foreign Assets Control (OFAC), the recent Ronin bridge hack may have been tied to the North Korean hacker syndicate called Lazarus Group. Federal law enforcement officials have tied the flagged ethereum address connected with the Ronin bridge exploit to the group
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Ronin – a sidechain that is connected to the main Ethereum blockchain but allows the developers behind play-to-earn game Axie Infinity, Sky Mavis, to support faster and cheaper transactions – was hacked last month, losing 173,600 ETH and 25.5 million USDC, worth $625 million at the time. It ranks among the
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