Ronin has been attacked and a hacker has managed to siphon 173,600 in ethereum and 25.5 million USDC, worth $620 million in total. AxieInfinity
) and Sky Mavis discovered the attack after a user complained that they could not withdraw 5,000 ether from the Ronin bridge.
The team further explained that the project uses nine validator nodes to run Ronin, and in order to deposit or withdraw, five out of nine are needed to process a transaction. What’s worse is that Sky Mavis notes that the attacker got away with it because of a change made back in November 2021, and they discontinued the “Axie DAO allowlisted” scheme the very next month.
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