Axie Infinity’s Ronin bridge has re-opened and the company will reimburse all affected victims of the US$625 million hack on March 30, according to a tweet from officials.
The Ronin bridge is a sidechain to the Ethereum network that allowed users to transfer assets between both chains. The re-opening will take place this week, but it will require a hard fork and all validators to update their software and upgrade their nodes:
The company also shared that blockchain security company Certik had audited the Ronin bridge multiple times and came back with minor suggestions.
Important News for the Axie Community
The Axie Infinity community bled after the company’s Ronin bridge suffered the biggest DeFi hack in history, with over US$600 million stolen in just a few hours.
It was later reported that a South Korean hacking group, Lazarus, was behind the hack, according to US authorities, who found out that a sanctioned Ethereum wallet was the same wallet used to receive the stolen funds. The hackers used TornadoCash to launder over 20 percent of the funds.
Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.
Credit: Source link
