Hackers stole more than $600 million or R8.7 billion worth of digital ledger used by players of the popular online game Axie Infinity, making it one of the largest thefts ever in the crypto world.
Ronin Network revealed in its newsletter that hackers targeting its blockchain netted 173,600 ether and $25.5 million worth of stablecoin.
The Ronin bridge and Katana Dex have been halted, said the company, after it was discovered on March 23rd, Sky Mavis’s Ronin validator nodes and Axie DAO validator nodes had been compromised.
The attacker used hacked private keys in order to forge fake withdrawals.
“We are working with law enforcement officials, forensic cryptographers, and our investors to make sure all funds are recovered or reimbursed. All of the AXS, RON, and SLP on Ronin are safe right now,” said Ronin in its newsletter.
“We are in the process of discussing with Axie Infinity / Sky Mavis stakeholders about how to best move forward and ensure no users’ funds are lost. ”
Sky Mavis is here for the long term and will continue to build, said Ronin.