Ronin Network Bridge from Sky Mavis for over $ 625 million

Ronin Network Bridge from Sky Mavis for over $ 625 million

Chain analysis of crypto analysis
  • Exploiter used chopped private keys on March 23 to fake fake payments
  • "We work with law enforcement officers, forensic cryptographers and our investors to ensure that all funds are reclaimed or reimbursed," said Ronin Network in an explanation

ronin Network, a sidechain associated with Ethereum, which is used for the blockchain game Axie Infinity, was injured. Hacker took advantage of the network for around $ 625 million, or 173.600 Ether and 25.5 million USDC, according to a Tuesday According to the network of the network on March 23,

Exploiter used chopped private keys to fake withdrawal. However, the injury was only discovered on Tuesday when a user was unable to withdraw 5,000 ETH.

Ethereum and USDC inserts on Ronin were deducted from his bridge contract. From now on, users cannot withdraw or deposit money. The Ronin Bridge and Katana Dex were therefore stopped.

sky Mavis, the creator of Axie Infinity, said that it was "committed to ensuring that all the funds withdrawn is reclaimed or reimbursed".

"We work with law enforcement officers, forensic cryptographers and our investors to ensure that all funds are reclaimed or reimbursed," said the network in a tweet.

The majority of the stolen ETH remains in the attacker's wallet, but 6,250 ETH (about $ 21 million) were transferred, including hundreds of ETH that were sent to the FTX exchange.

Every 25.5 million US dollars in USDC were transferred to various wallets and defi protocols utherscan .

This is a developing story and can be updated when new information is available.


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The contribution Sky Mavis ’Ronin Network Bridge Exploited for over $ 625m is not a financial advice.

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