Axie Infinity’s Sidechain Ronin Network Hacked for $615M Worth of ETH and USDC
Ronin Network, the Ethereum-linked sidechain of the popular crypto game Axie Infinity has been exploited for $625 million worth of Ethereum and USD Coin. The team wrote in a statement that the attacker gained access to five of the nine Ronin chain’s validator nodes (4 Sky Mavis validators and 1 Axie DAO), which granted the attacker the ability to sign transactions and ultimately to make away with 173,600 ETH and 25.5M USDC.
