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Cryptocurrency News

The aftermath of Axie Infinity’s $650M Ronin Bridge hack

04/12/2022

Less than a minute

2022.04.12 20:16

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 behind the popular play-to-earn (P2E) game:

Movement of Stolen Funds from Ronin Bridge Hacker Wallet Source: EllipticLaundering of Stolen Funds by Ronin Bridge Hacker Source: PeckShield

Source

04/12/2022

Less than a minute