Sky Mavis-backed blockchain developer Ronin has officially reopened the Ronin bridge. after being hacked
The Ronin Bridge is open!
• All user funds are fully backed 1:1 by the new bridge.
• The bridge has undergone an internal audit and two external audits.
• We are still on track to release Land Staking this week.— Axie Infinity
(@AxieInfinity) June 28, 2022
Users can now transact to and from the Ronin network with ETH (wETH) and USDC, with 1:1 support against ETH and USDC on Ethereum, according to the company in a blog post today. Tuesday
Ronin is an Ethereum sidechain under the hit game Axie Infinity, developed by blockchain game developer Sky Mavis.
Ronin bridge was previously hit with $600 million in damages on March 29 of this year. In addition to reopening the Ronin bridge, Sky Mavis has a redesign that will become a zero-trust organization and a breaker system that stops suspiciously large withdrawals for added safety.
The Sky Mavis team also promised to compensate those affected by the attack.
“All users have been restored,” Ronin said in the newsletter on Tuesday.
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