Ronin Game Blockchain Bridge Suspected to Have Had 9 Million in Tokens Taken by White Hat Hackers Leading to Suspension of Operations

Ronin Game Blockchain Bridge Suspected to Have Had 9 Million in Tokens Taken by White Hat Hackers Leading to Suspension of Operations

Ronin Game Blockchain Bridge Suspected to Have Had 9 Million in Tokens Taken by White Hat Hackers Leading to Suspension of Operations

According to a report by CoinDesk, the cross-chain bridge of the game public chain Ronin was temporarily suspended on Tuesday (6th) due to an apparent white-hat hacker attack that resulted in the theft of tokens worth $9 million.

Aleksander Larsen, co-founder of Ronin developer Sky Mavis, stated on social media platforms that the vulnerability in the Ronin cross-chain bridge was caused by the modification of weights to unexpected values, allowing funds to be withdrawn without undergoing any multi-signature threshold checks. Another security company, Beosin, has 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 around 5%, but had returned to $1.4 before the deadline.

Ronin is an Ethereum sidechain network built by the developer of the blockchain game Axie Infinity, Sky Mavis. In March 2022, the Ronin cross-chain bridge suffered a loss of over $600 million due to a hacker attack, reportedly orchestrated by the Lazarus group associated with North Korea.