Cryptocurrency news

Unknown persons withdrew over $11 million from Ronin's sidechain

Forklog / 06.08.2024 / 11:38
Unknown persons withdrew over $11 million from Ronin's sidechain

The Ronin sidechain involved in the Axie Infinity blockchain game was allegedly subjected to another hacker attack. This was reported by PeckShield analysts.

#PeckShieldAlert @Ronin_Network #whitehacked? or Hacked? (w/ ~ $9.33M) pic.twitter.com/wfaY0zhVdI

— PeckShieldAlert (@PeckShieldAlert) August 6, 2024

They noticed two suspicious withdrawal transactions: $9.33 million and $2 million.

#PeckShieldAlert Another suspicious txs (w/ $2M) pic.twitter.com/azrh4grUek

— PeckShieldAlert (@PeckShieldAlert) August 6, 2024

The cause of the incident could be a potential vulnerability of MEV.

Axie Infinity co-founder Alexander Larsen said they are aware of the situation. The Ronin network has been suspended for the duration of the investigation.

The @Ronin_Network bridge has been paused while we investigate a report from whitehats about a potential MEV exploit.

We will follow up with more information shortly.

The bridge currently secures over $850M which is safe https://t.co/lUjIIgb1DD

— Psycheout.ron (@Psycheout86) August 6, 2024

According to Larsen, the bridge's liquidity in excess of $850 million is safe.

Recall that in 2022, the Ronin hack became the largest cyberattack on the DeFi segment. Then the attackers stole more than $ 625 million.

In February 2024, Jeffrey Zirlin, co-founder of Axie Infinity and Sky Mavis, was robbed of $9.7 million from personal wallets.

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