AxieInfinity’s Ronin Bridge recently suffered a massive hack worth more than $70 billion last month.

U.S. authorities have said a North Korean hacking group called Lazarus was involved in the incident. They also added the affected Ethereum addresses to the sanctions list on April 14.

Ronin Bridge is taking security measures intending to be up and run by the end of the month and will announce the results of its investigation of the hack by the end of the month.

About the Hacking

On March 30, AxieInfinity’s RoninBridge announced that it had been hacked for over 70 billion yen; it took place on March 23 but discovered on March 30 due to user feedback.

RoninBridge and KatanaDEX have commented that they have suspended operations and work with various agencies to recover the funds.

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On April 6, the company raised approximately 18.5 billion yen to compensate for the hack, led by Binance, with participation from AnimocaBrands and a16z.

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Axie Infinity Overview

Axie Infinity is a blockchain-based GameFi. The game inspires by Pokémon and allows players to earn SLP in crypto assets by fighting NFT monsters called “Axie.”

It was released in 2018 by Vietnamese developer SkyMavis. At the end of last year, daily active users exceeded 2.4 million. It is known to have many people in Southeast Asia, including the Philippines and Vietnam, who earn money as their main job. It is one of the most popular GameFi in the world.

Link

Official website: https://axieinfinity.com/
Twitter: https://twitter.com/AxieInfinity?s=20&t=o9oNxTHwTP6K6Y4LPaxpjg
References:.
https://www.coindesk.com/policy/2022/04/14/us-officials-tie-north-korean-hacker-group-to-axies-ronin-exploit/
https://roninblockchain.substack.com/p/community-alert-ronin-validators?s=w