According to Axie Infinity’s official Discord and Ronin Network’s official Twitter, Ronin bridge and Katana Dex were right.suspendTemporarily after experiencing the theft of 173,600 Ethereum (ETH) and 25.5 million USD Coin ( USDC), totaling $612 million.
in the statement Developers say they’re “We are working with Law Enforcement Officers, Cryptography Professionals and Investors to ensure that all funds are recovered or refunded by AXS, RON and SLP. [โทเค็น] On Ronin all is safe.”
According to developer Ronin, attackers use hacked private keys to fake withdrawals. by withdrawing money from the Ronin bridge in just two transactions and more importantly The hack took place on March 23, but was only discovered Tuesday. After one user claimed to have discovered the problem after failing to withdraw 5,000 ETH from the Ronin bridge, RON, Ronin’s main regulatory token, was down nearly 20% to $1.88 in the hour, according to one user. past
Sky Mavis’ Ronin network currently consists of 9 validator nodes, which require at least 5 signatures for deposits or withdrawals. But the attacker can control five private keys, including four Ronin validators of Sky Mavis and a third-party validator operated by Axie Decentralized Autonomous Organization, or DAO, which meets the criteria required to illegally extract Ronin funds.
at the time of writing this Most of the hacked funds are still inwalletof the attacker
and latest Hackers have transferred funds to both FTX and Crypto com centralized exchanges, which may allow the identity of the culprit.
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