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Hacker steals $625 million worth of cryptocurrency from NFT game

Hacker steals $625 million worth of cryptocurrency from NFT game

The intruder managed to take out 173.6 thousand Ethereum worth over $600 million, as well as USDC Stablecoins worth over $25.5 million.

As reported by representatives of the crypto project, an attacker hacked the Ronin blockchain bridge and withdrew over $625 million worth of cryptocurrency. They said that an intruder exploited the vulnerability in the network back on March 23, but the problem was detected only on March 29, when one of the users failed to withdraw 5 thousand ETHs.

The blockchain operator said that the Ronin bridge had been temporarily suspended to prevent further attacks. It will return to operate once the team is certain that the other funds cannot be stolen. The project works with law enforcement officials, forensic cryptographers, and investors, as well as tracks stolen funds jointly with Chainalysis.

So far, the Ronin hack is the largest in decentralized finance. It surpassed the previous record-breaking theft of 93.7 thousand Ethereum from the Wormhole protocol in February of this year.

The popular NFT game Axie Infinity runs on the Ronin blockchain. Its token AXS is the 29th largest cryptocurrency in terms of capitalization.

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