A new major hack took place on 23 March but was only spotted yesterday. This time Ronin was affected.
A specific criminal element took advantage of a vulnerability similar to the recent Wormhole hack to withdraw crypto worth around $625,000,000.
Axie Infinity co-founder Jeffrey Zirlin has already called it one of the biggest hacks in history. Some of the money has already been withdrawn to exchanges, but according to Zirlin - there is still a chance of recovering the funds and catching the hacker.
Axie Infinity is a mega-popular P2E game developed by Vietnamese studio Sky Mavis, known for its in-game economy using Ethereum-based cryptocurrencies.
Ronin Wallet is a cryptocurrency wallet created for Axie Infinity. It runs on the Ronin blockchain, a sidechain of the Ethereum network. The Ronin network is more accessible for trading and breeding Axies, and it also significantly reduces the cost of playing Axie Infinity. Ronin Wallet is also compatible with other NFT games on the Ronin blockchain.