Ronin

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Bitcoin News / Bitcoin.com - 2 years ago

Sky Mavis Raises $150 Million in Financing Round Led by Binance to Refund Users Affected by the Ronin Bridge Exploit

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...

Cryptocoins News / Blockchain  - 2 years ago

Binance-led Investors to Rescue Victims in Ronin Hack

Crypto Exchange Binance said on Wednesday that the exchange is leading other investors to aid victims in the recent hacking in RONIN, according to Reuters. Ronin Network is an Ethereum sidechain created with Axie Infinity's community, back by Vietn...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Finance Redefined: Axie Infinity’s Ronin bridge faces worst hack, Binance launches Bridge 2.0 and more

The last week of March saw the decentralized finance (DeFi) market surge to new highs as institutional investors returned to the market. Amid the rising popularity of DeFi products, Axie Inifity’s Ronin bridge faced the worst hack in crypto history,...

Cryptocoins News / Blockchain  - 2 years ago

Sky Mavis Promises to Compensate Lost Users for Ronin Hack

After hacking and stealing $625 million from the Ronin blockchain, the Singapore-based game studio Sky Mavis pledges to repay users, to Bloomberg. The hackers reportedly stole around 173,600 ether and $25.5 million in Coin tokens on March 23. At c...

Cryptocoins News / Blockchain  - 2 years ago

Axie Infinity's Home Ronin Network Suffers Over $600m in another DeFi Hack

The Ronin Network has suffered what is being tagged as the largest hack in the history of Decentralized Finance (DeFi), which funds in excess of $625 million carted away by the hackers. The Ronin Network’s official post shared that the hackers per...

Bitcoin News / Bitcoin.com - 2 years ago

Axie Infinity Loses $620 Million After Hacker Compromised Ronin Validators

According to Sky Mavis, the creators of the blockchain NFT game Axie Infinity, the Ronin network has been attacked, and a hacker has managed to siphon 173,600 in ethereum and 25.5 million usd coin (USDC). The attacker has obtained roughly $620 millio...

Bitcoin News / Bitcoinist - 2 years ago

How The $600M Ethereum Ronin Bridge Hack Was Exposed 6 Days Later

The Ethereum based bridge Ronin was hacked for $600 million in digital assets or 173,600 ETH and $25 million in USDC. This attack has become the largest in the history of decentralized finances (DeFi), surpassing the Poly Network hack which also expl...