Gargantuan Crypto Defi theft
from web site
Ronin A sidechain linked to Ethereum created by Axie Infinity creator Sky Mavis, has confirmed a major security flaw in an article on the blog.
The project lost approximately six million dollars (173,600 Ethereum tokens and 25.5 million USDC tokens) due to Sky Mavis's Ronin validator nodes, along with the Axie DAO authenticator, nodes hacked and draining by a malicious actor in the last week.
It could be the biggest decentralized financial hack in the history of finance surpassing previous hacks that cost $611. Poly Network theft that occurred last August.The Ronin hacker was able to generate fake transactions with the help of compromised private keys.
Although Poly Network managed to retrieve almost all the stolen funds However, it remains determined what Ronin will handle the historic hacking incident. Source associated with the attacker remains in control of the vast majority of the stolen cryptocurrency.
The Ronin network's developers Ronin networks have begun working with law enforcement officials as as blockchain detectives to find the hacker responsible for what appears to be the biggest DeFi heist to date.
The price of the Ronin (RON) governance token has plummeted by nearly 30% as a result of hacking, according to data provided by CoinMarketCap.
Ronin was launched last February to help reduce the cost of gas costs and facilitate transactions faster. In January Sky Mavis' Sky Mavis team introduced the RON token.
Based on the information provided by the blockchain detective Elliptic, the hacker behind the infamous Ronin bridge hack has already started laundering proceeds.
Get the whole story: https://nov.link/biggestdefihack
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