- Axie Infinity developer Sky Mavis revealed that its sidechain, Ronin Network, was hacked, compromising around $622 million.
- The company has indicated that it will ensure that all funds are recovered, so that they are reimbursed to their respective owners.
- After hacking the improved version of the game Axie Infinity: Origin had to be rescheduled, so far with the date of next April 7.
At the beginning of this week, Sky Mavisthe developer of the blockchain video game Axie Infinity, unveiled to the gamers that its sidechain, Ronin Network, suffered a a hack, which compromised around $$622 million in crypto funds drained from the connection between Ronin and Ethereum.
This attack took place on March 23 and was discovered and released this week. On March 29, the study made publicly known that a hacker managed to make off with 173,600 ETH, along with 25.5 million USDC stablecoins from the Ronin sidechain linked to Ethereum.
It should be noted that at the time the theft was announced, the stolen crypto assets had an approximate value of $622 million dollars. This attack was presented on March 23 and was so successful in its operation and execution that it went unnoticed for several days.
In this regard, Sky Mavis pointed out that they were aware of the mishap until a user wanted to withdraw 5,000 ETH from his own Ronin funds and simply could not do so.
According to the developer of Axie Infinity, the hack was carried out when some user used “hacked private keys” with which he had the ability to take control of five of the nine validators that sign transactions on the platform. Ronin network.
As a precautionary measure, Sky Mavis had to temporarily close the bridge, as well as the Katana decentralized digital asset exchange (DEX) once it became aware of the hack, in order to reduce and mitigate any possible further exploitation.
Recovery of funds
In response to the affectation, The company has indicated that it will ensure that all funds are recovered, so that they are reimbursed to their respective owners.
Likewise, he indicated that he is working with the forces of the law and together with the crypto-forensic company, Chainalysis, to determine what steps they should take to deal with this situation.
“We are 100 percent committed to reimbursing all affected gamers as soon as possible,” he said in a statement. interview Sky Mavis COOAleksander Leonard Larsen. “We are still working on finding a solution.”
Axie Infinity: Origin delayed due to hack
Due to this problem that Axie Infinity is thoroughly reviewing, it is that the security breach has had to cause the creators of the game have to see the need to postpone Axie Infinity: Origin, a long-awaited review by several users.
Axie Infinity: Origin is a vastly improved version of the fighting game which was planned to be released on March 31st, in an alpha version.
However, due to the security problem of which they were victims the launch of Origin had to be rescheduled, so far with the date of next April 7.
“Despite the fact that the title is ready to go to market, in the company we made the decision to give the engineering and security team an extra period of time so that they can thoroughly investigate all the implications of the hack that we suffered, before ask them to focus all their efforts on the launch of Origin”, noted Sky Mavis in a post on her official blog.
Hack Ronin the second largest in the DeFi world
It’s important pointing that the hack carried out against Ronin, is classified so far as the second largest DeFi hack in the history of crypto assetsbased on the price of the stolen funds at that time, which is approximately $552 million.
Said hack is only surpassed by the Poly Network hack, in which 611 million dollars were extracted from August of last year.
At that time, most of the stolen money was returned to its owners, since the hacker responsible for the attack pointed out that he intended to teach Poly Network a clear lesson about the importance of security in its services, which It can’t be lax at all.
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