Axie Infinity's Ronan Network Hack Actually WORSE Than Previously Reported...

Becomes Crypto's 2nd Largest Crime...

The amount initially reported at the time of the incident was $540 million, that has now risen to $615 million by the time of publishing this article - this is now crypto's second-largest crime.

When a user reported being unable to withdraw money from the Ronin bridge six days after the heist, Ronin Network developers detected the hack Tuesday morning.

The Ronin Network, an Ethereum side chain, is largely utilized as the payment rails for the popular play-to-earn game Axie Infinity, providing game players with lower transaction fees.

The incident occurred on March 23 when the attackers used hijacked private keys to "create bogus withdrawals" through a backdoor method, emptying 173,600 ether (ETH) and 25.5 million of the stablecoin, USD coin, according to a blog post from the Ronin network...>>Continue to full article....