Cyber attackers have also turned to the decentralized finance (DeFi) space. Poly Network, which is in this area, was hacked in the past months and hackers carried out a crypto money heist in excess of 600 million dollars. Now, Ronin Network, which is the infrastructure of Axie Infinity, has been subjected to a similar robbery.
625 million dollar robbery
It was reported that approximately $ 625 million worth of crypto money was stolen from the blockchain Ronin, which is located in the infrastructure of the popular crypto game Axie Infinity, which allows users to earn crypto money by playing games.
THEY STEAL ETHEREUM AND USDC
In the heist, 173,600 Ethereum, currently worth about $600 million, and USDC, a cryptocurrency pegged at $25.5 million, were stolen. Sky Mavis stated that it is working with law enforcement to recover the stolen cryptocurrencies. “We work directly with various government agencies to ensure that criminals are brought to justice,” the company said.
ONE OF THE BIGGEST ATTACKS EVER
The hack of Ronin is cited as one of the biggest hacks ever in the decentralized finance (DeFi) space.