Ronin Game Chain CrossChain Bridge Suspected of Being Hacked by White Hat Hackers Temporarily Suspended after 9 Million Tokens Stolen

Ronin Game Chain CrossChain Bridge Suspected of Being Hacked by White Hat Hackers Temporarily Suspended after 9 Million Tokens Stolen

Ronin Game Chain CrossChain Bridge Suspected of Being Hacked by White Hat Hackers Temporarily Suspended after 9 Million Tokens Stolen

According to a report by CoinDesk, the cross-chain bridge of the gaming public chain Ronin was suspended on Tuesday (the 6th) after the platform lost tokens valued at $9 million in a clear white-hat hacker attack. Aleksander Larsen, co-founder of Ronin developer Sky Mavis, stated on social media that according to cybersecurity firm SlowMist, the vulnerability in the Ronin cross-chain bridge was caused by the weight being altered to an unintended value, allowing funds to be withdrawn without undergoing any multi-signature threshold checks. Another security company, Beosin, also released an analysis of the incident.

Following the news of the vulnerability in the Ronin cross-chain bridge, the price of its native token RON briefly dropped by approximately 5%, but had rebounded to $1.4 by the time of publication. Ronin is an Ethereum sidechain network built by Sky Mavis, the developer of the blockchain game Axie Infinity. In March 2022, the Ronin cross-chain bridge suffered a loss of over $600 million due to a hacker attack, which is reportedly linked to the North Korean Lazarus Group.