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The entity behind Ronin’s unprecedented $655 million exploit in March has apparently moved tens of millions worth of stolen ether (ETH) through privacy protocol Tornado Cash in the past week, blockchain data from addresses connected to the exploiter show. Original Source
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In late March, Ronin, an Ethereum sidechain built for the popular play-to-earn nonfungible token game Axie Infinity, was hacked for over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) for a combined value of over $600 million. The breach on the Ronin bridge was confirmed by Sky Mavis, the developers
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Non-fungible token (NFT) sales have been lackluster this past week, as the aggregate sales volume during the last seven days has dropped 13.75% since last week. The largest number of sales stemmed from Ronin this week as 45,875 buyers increase Ronin-based NFT sales by more than 72%. The NFT collection
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Sky Mavis, the company behind the play-to-earn (P2E) game Axie Infinity, announced it has raised $150 million in a funding round to replenish the funds the company lost in the Ronin Network exploit. The funding round — which was led by Binance and had the participation of companies like Animoca
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There are about 1.5 million players of the original Axie Infinity game, released two years ago. Axie Origin, a new game on the network, incorporated 300,000 testers, or unique players, on Thursday, giving them early access, Larsen said. The players came in without any token incentives or any way to
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In feudal Japan, the term ronin was used to describe a Japanese samurai without a master. Left alone due to the death of his lord, or loss of his privilege, a ronin was a warrior adrift, roaming at large, free from the constraints of loyalty. Expressed by two characters that
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The round along with Sky Mavis and Axie Infinity funds will be used to refund users. Source
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When you look under the hood, bridges like Ronin’s typically work by locking up cryptocurrency in smart contracts on one chain, and then re-issuing those tokens in “wrapped” form on a destination chain. So for example, if you were to use the Ronin Bridge to move ether (ETH) from Ethereum
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More than 2,001 ether were moved Monday from addresses connected to the $625 million exploit, with about 70% passing to the privacy tool, on-chain data show.Apr 4, 2022 at 9:25 a.m. UTCUpdated Apr 4, 2022 at 9:31 a.m. UTCOn-chain data show ether from the Ronin exploit has been moved to
Read MoreBinance Partially Resumes Deposits, Withdrawals on Ronin Network as Hack Recovery Continues Original Source
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