Shanthi Rexaline reports:
Ronin, an Ethereum-linked sidechain made by Sky Mavis specifically for Axie Infinity disclosed Tuesday a major security breach that led to the theft of about $620 million in cryptocurrency.
What Happened: About 173,600 Ethereum and 25.5 million USD were drained from the Ronin bridge in two transaction on March 23, the Ronin Network said in a blog post.
This resulted from the compromising of Sky Mavis’ Ronin validator nodes and Axie DAO validator nodes.
Read more at Benzinga.