Coinspeaker
Ronin Network Reopens Bridge after $10M Exploit in August
Ronin Network, a blockchain protocol designed to support play-to-earn (P2E), has resumed operations on its cross-chain bridge following a $10 million exploit in August.
In an announcement on X (formerly Twitter), the Ethereum Virtual Machine (EVM)-compatible blockchain confirmed the reopening of the bridge, allowing users to resume normal activities.
Transition to Specialized Bridging Solution
The team behind the development of the platform reassured users that there would be no further updates to the bridge’s contract code. However, the network plans to transition its operation and maintenance to a specialized bridging solution.
“We plan to transition the operation and maintenance of Ronin’s bridging functions to a specialized, established bridging solution. This shift will leverage the expertise and focus that comes from dedicating resources to a single, specialized product,” the team stated.
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