Hacker drains $622m from Axie Infinity’s Ronin Ethereum sidechain
Ronin, an Ethereum sidechain developed for the hit NFT game Axie Infinity, has been targeted in a hack that saw an estimated $625 million worth of cryptocurrency drained from its bridge.
The attacker took 173,600 ETH (nearly $597 million) and 25.5 million USDC stablecoin ($25.5 million). After discovering the attack, Sky Mavis has halted the Ronin bridge and Katana DEX to to ensure no further attack vectors remain open. The team is also working with Chainalysis to monitor the stolen funds.