Hackers stole about $600 million (around R8.6 billion) from a blockchain network connected to the popular Axie Infinity online game in one of the biggest crypto attacks to date.
Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game, the blockchain that supports Axie Infinity
"The fact that nobody notices for six days screams aloud that some structure should be in place to watch illicit transfers," said Wilfred Daye, head of Securitize Capital, the asset-management arm of Securitize Inc. The stolen funds went to two cryptocurrency exchanges, according to blockchain forensics firm Elliptic. Several exchanges acknowledged the hack without confirming that the funds had been moved there.
Ronin said in the blog post that it will raise the number of validators required for transactions on the bridge to eight out of nine, and"will be expanding the validator set over time, on an expedited timeline."
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