Axie Infinity’s Ethereum Bridge Back Online After $622M Hack

[Magepai]

The Ronin bridge is back online more than three months after attackers completed one of the largest DeFi heists to date.The bridge, which allows users to transfer assets between the Ronin sidechain and Ethereum’s mainnet, was hacked on March 23, with the attackers taking 173,600 ETH and 25.5 million USDC stablecoin in the process.

Collectively, the assets were worth about $552 million at the time of the attack, and $622 million by the time that Sky Mavis revealed the exploit on March 29. (Currently, following a wider cryptocurrency market decline, those assets are worth about $232 million.)more