Ronin Network Reveals New Validators Count and Relaunch Date After $620M Hack

Ronin Hack KoI0qw

Ronin Network – an Ethereum-linked sidechain – assured it identified the hackers related to last month’s $600M+ exploit, and all user funds are “in the process of being restored.” Additionally, the entity implemented enhanced security measures to prevent such attacks in the future.
Further Details on the Hack
The project revealed that the cyber assault happened on March 23 and was identified on March 29 by the Sky Mavis team. “We didn’t have a proper tracking system for monitoring large outflows from the bridge, which is why the breach wasn’t discovered immediately,” the entity explained on the delay.
The bad actors got control over five of the nine validator private keys – 4 Sky Mavis validators and 1 Axie DAO – and stole 173,600 ETH and 25.5 million worth of USDC. The criminals drained the crypto assets in two transactions as the total amount equaled around $620 million.
Ronin Network disclosed that the hackers managed to gain control by compromising one Sky Mav

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