Sky Mavis, the creator of the play-to-earn game Axie Infinity, announced that it will reimburse victims of the Ronin bridge hack and reopen the bridge next week.
In March, hackers stole more than $620 million in the heist, which included roughly 17,600 Ether (ETH) and 25.5 million USDC tokens. According to a Bloomberg report on Friday, Once the bridge reopens on June 28, users will be able to withdraw one ETH for each one they possessed before the attack.
In April, Cointelegraph reported that Sky Mavis closed $150 million in fresh capital led by Binance to refund hack victims. Animoca Brands,16z, Dialectic, Paradigm, and Accel were among the investors during the funding round.
Bridge being refilled on the 28th
— Psycheout - Aleksander | Axie Infinity (@Psycheout86) June 24, 2022
Now it’s time for @Ronin_Network and @SkyMavisHQ to expand its games portfolio
If you are a game developer who wants to build with the most experienced team in the web3 gaming space reach out to partnerships@skymavis.com$ron$axshttps://t.co/DPkg8DUeUW
The hacker moved the stolen assets around soon after the breach, using TornadoCash to conceal their activities. This is a significant issue for the decentralized finance (DeFi) industry, which has suffered more than $1.22 billion in losses thus far this year.
The Ronin hack was one of the most notable events in recent memory, causing tremors throughout the cryptocurrency industry. Despite this, the Ronin blockchain was not deterred in its mission to achieve significant milestones.
In early June, the blockchain surpassed $4 billion in all-time nonfungible token (NFT) sales volumes, and it remains popular as a digital collectible network. In terms of all-time NFT sales volumes, it is second only to Ethereum. It beats Solana, Flow, Polygon, and WAX, among many others.
Related: Breaking: Harmony’s Horizon Bridge hacked for $100M
Hacks, rug-pulls, and protocol flaws are all common within the cryptocurrency industry. It appears like not a single day goes by without news of another hacking. On Friday, Cointelegraph reported that the Horizon Bridge to the Harmony layer-1 blockchain had been exploited for $100 million in altcoins being swapped for Ether. According to Immunefi, cybercrime losses reached $10.2 billion in 2021.
Bitcoin falls sharply in the short term, with former largest exchange Mt. Gox preparing to repay 140,000 bitcoins as a leaked screenshot circulates.
Cheng YuanEthereum experiences a notable surge in price and supply profitability following the SEC's approval of spot Bitcoin ETFs. Ethereum's trading volume peaks, supply in profit increases, and active addresses rise. The positive performance reflects a robust market response.
Xu LinBase project RocketSwap fell victim to a hacking incident that resulted in losses surpassing $865k, a staggering amount attributed to a breach of their private keys but has announced an emergency containment programme.
CatherineOver over 175,000 unique users have flocked to OKX’s PoR page to verify their holdings.
cryptopotatoCoinbase表示，作为重组计划的一部分，公司将裁员约950人，这是该加密货币交易所自去年以来的第三轮裁员，预计将产生约1.49亿至1.63亿美元的重组费用。
fx168newsAt present, the development of metaverse is still in the early stage, commercialization, virtual real estate application scenarios are insufficient, the user experience of games developed based on virtual real estate is not good, and the transfer of hot spots and the departure of hot money have caused the market to plummet.
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