Axie Infinity Ronin Bridge Reopens After $600M Hack
Three months after a devastating hack that drained more than $600 million worth of assets from leading blockchain game Axie Infinity’s token bridge, the team behind Axie, Sky Mavis, has announced that the Ronin Bridge is back online.
On March 30, DappRadar reported that around 170,000 ETH and 25 million USDC had been drained from the Ronin bridge after hackers managed to gain access to private validator keys. The hack was worth more than $620 million at that time.
The Ronin Bridge was developed by Axie’s creators Sky Mavis to circumnavigate Ethereum gas fees and provide players with a cheaper and smoother gaming experience. It enables users to transfer assets between the Ronin sidechain and the Ethereum mainnet. The bigger picture however is for Ronin to become the industry standard for blockchain gaming and consumer applications.
Rebuilding bridge to Axie Infinity
According to an announcement from Sky…
