Hackers stole more than $600 million from a Axie Infinity , Ronin network
DeFi’s biggest heist ever.
A shocking attack on the Ronin Network, a gaming blockchain that powers Axie Infinity, has resulted in the theft of cryptocurrency worth more than $600 million. Developers stated in a blog post that hackers stole 173,600 ETH and 25.5 million USDC in two transactions. This stockpile is worth $625 million at the time of writing, narrowly missing out on being the largest crypto hack ever. According to Ronin’s statement, the hack happened on March 23, but it wasn’t identified until March 29 — six days later. In the recent attack, Axie Infinity has taken a combative stance, stating, “We are here to stay.”
Ronin also stated that an attacker “used hacked private keys in order to forge fake withdrawals” from the Ronin bridge across two transactions, as seen on Etherscan.
While the Ronin sidechain has nine validators requiring five signatures for withdrawals and is meant to protect against these types of attacks, the blog post notes that “the attacker found a backdoor through our gas-free RPC node, which they abused to get the signature for the Axie DAO validator.”
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