Sky Mavis, the company behind blockchain-based game Axie Infinity, has successfully closed a new $150 million funding round led by crypto exchange Binance, according to a press release shared with Cry...
Tag: Ronin
Sky Mavis Bounces Back From Ronin Attack With $150M Raise
Key Takeaways Sky Mavis has secured $150 million in its latest funding round led by Binance. The funds will be used to help reimburse users who lost money from the $550 million Ronin bridge attack. Sk...
Sky Mavis raises $150 million to reimburse Ronin hack victims
The $600 million exploit, disclosed last Tuesday, saw a hacker steal 173,600 ether and 25.5 million in USDC stablecoin from the game a week prior, making it one of the largest ever exploits in the cry...
Ronin Attack Shows Cross-Chain Crypto Is a ‘Bridge’ Too Far
When you look under the hood, bridges like Ronin’s typically work by locking up cryptocurrency in smart contracts on one chain, and then re-issuing those tokens in “wrapped” form on a destination chai...
After Axie Infinity Hack, Will other Play-2-Earn Games Be Hacked Soon?
The recent incident affecting the Ronin Network – which powers the Axie Infinity game – has many people on edge. It is a problematic development that affects the broader play-to-earn gamin...
Axie Infinity has been losing gamers before the Ronin Network hack
Contrary to the belief that gamers are leaving the popular play-to-earn game Axie Infinity because of the recent hack, available information shows that the platform had lost nearly half of its users e...
Flare Network Prevents Ronin Network & Multisig Hack Problem
If you have followed the happenings in crypto for the past fortnight, you may be familiar with the Ronin network exploit that threatened a $620 million loss in cryptocurrencies. The unofficial post mo...
Ronin Hack Loot Seen Shifted To Tornado Cash
The threat actors responsible for the hacking on the Axie Infinity Ronin Bridge platform, considered the largest crypto heist in the industry, have started moving their loot. According to reports, the...
Nearly $7M of Hacked Ronin Funds Sent to Privacy Mixer Tornado Cash
The hacker that exploited Ronin Bridge to drain $622 million from Axie Infinity developer Sky Mavis’s treasury has moved millions of the hacked funds today, according to on-chain data from Etherscan. ...
Ronin Hacker Moves Funds via Tornado Cash
The Ronin hacker’s decision to use centralized exchanges in laundering his stolen funds is a first within the space. Axie Infinity’s Ronin Bridge hacker has started moving the ETH loot associated with...
Axie Infinity Ronin Bridge Hacker Starts to Shift Looted ETH
The hacker who drained $601 million in the Axie Infinity Ronin Bridge exploit has started to redistribute the loot. The address of the hacker who stole $610 million in the Ronin_Network case began to ...
Sky Mavis looks into Ronin Network’s $650 million crypto theft
TL;DR breakdown Sky Mavis says it is investigating the recent crypto theft on Ronin Network. Over $600 million was reportedly drained from Ronin by hackers. Sky Mavis, the Vietnamese company behind t...
Axie Infinity Ronin bridge hacker moved 2000 ETH to the Tornado Cash tumbler
As reported by CryptoSlate last week, a hacker ran off with about $615 million in ether (Ethereum) and stablecoins after exploiting a multisig contract regulating funds in the Ronin-to-Ethereum bridge...
Has the hacker of Axie Infinity Ronin bridge started moving stolen ethereum funds?
Hacks and compromising of networks in the Crypto space could turn out sometimes to be a huge loss, as happened when Ronin bridge attacked On Tuesday last week, 29th March, Ronin network’s official Twi...
Axie Infinity’s Ronin Bridge Hacker Starts to Move Stolen Ethereum (ETH)
There has been some activity on the blockchain address that was flagged as being involved in the hack on the Axie Infinity Ronin bridge last month. There have been several transactions over the past c...
Crypto Weekly Roundup: Ronin Bridge Hack, Blockchain.com’s $14B Valuation, Solana NFTs On OpenSea, And More
It has been an eventful week in the global crypto space. While the Ronin sidechain of Axie Infinity faced an exploit, robbing it of millions of dollars, crypto exchange Blockchain.com raised its valua...
Exness Hits $2T, Ronin Hack, Sanctions Evasion and NFTs: Editor’s Pick
It’s been another busy week in terms of news as a lot of development has happened in the forex, fintech and cryptocurrency industries. Finance Magnates has short-listed some of the top stories f...
Ronin plans to improve blockchain security post $600m hack –
Ronin has supplanted the validator hubs that were compromised in the new $600 million hack The improvement group additionally plans to add new validators to fortify its blockchain security. The quanti...
Axie Infinity Token Price Spikes by 15% Despite $625 Million Hack of Ronin
Arman Shirinyan Despite largest hack in the industry, Axie Infinity is rallying up Contents Bullish price action $625 Million Ronin bridge security breach The recently hacked Axie Infinity token, AXS,...
ETH Soars to 3-Month High, AXS Adds 12% Despite Recent Ronin Hack
After falling by nearly $4,000 in a day, bitcoin reacted well and bounced off to above $46,000. Most altcoins are also in the green today. Impressive gains are evident from Ethereum, Binance Coin, Sol...
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 Ron...
Ronin replaces compromised validators and plans to ‘bolster’ security
Ronin, an Ethereum sidechain that hosts Axie Infinity’s play-to-earn game, said it has replaced the compromised validator nodes run by the game’s creator Sky Mavis and its core contributor. Roni...
Axie Infinity Delays Origin Game Launch Due to Ronin Hack
Axie Infinity has announced postponing the launch of its much-anticipated play-to-earn game – Origin – after what appears to be the biggest hack in DeFi history. According to the post on substack, Axi...
Axie Infinity’s Ronin Network Vows to Recover or Reimburse Victims of $600,000,000 Exploit
The developers behind the Axie Infinity (AXS) bridge that was hacked for over $600,000,000 ago say they will recover or reimburse of all the stolen funds. In an updated newsletter, Axie Infinity’s Ron...
Axie Infinity Tokens AXS, SLP Reeling After $622M Ronin Hack
A day after Sky Mavis disclosed that a hacker stole 173,600 ETH worth $622 million from the Ronin sidechain, the Axie Infinity Shards (AXS) and Smooth Love Potion (SLP) tokens are still reeling. Sky M...
Ronin Bridge Exploited For Over $600 Million
According to the latest news, Ronin Network (RON), the sidechain created by the Sky Mavis team, was under a heavy hacking attack. The loss is estimated at over $600 million. Ronin Network also announc...
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, according to Bloomberg. The hackers reportedly stole around 173,600...
Hacker Drains $622M From Axie Infinity’s Ronin Ethereum Sidechain
In brief Ronin, the Ethereum sidechain for NFT game Axie Infinity, has been hit with a sizable exploit. All told, some $622 million worth of Ethereum and USDC were drained from the bridge that connect...
Sky Mavis COO Vows to Compensate Victims in the $600M Ronin Hack
Sky Mavis – the company behind the popular blockchain game ‘Axie Infinity’ – has promised to reimburse victims after $625 million in crypto was stolen from its underlying blockchain, Ronin. Another Br...
What Happened in the Ronin Bridge Attack
Ronin Network, a critical bridge chain that powers Axie Infinity, was attacked, and this resulted in in a loss of 173,600 Ethereum and 25.5M USDC, equivalent to over $600M. Since the breach occurred o...
Axie Infinity’s Ronin Network Hack Sees $625M in USD and ETH Lost – crypto.news
Ronin Network, a gaming-focused platform, announced that it had experienced a loss of over $625 million in USDC and ETH. The hack marks the largest yet ever made in the DeFi space. Ronin’s blog post s...