Sky Mavis, the company behind Axie Infinity, is laying off 21% of its workforce as part of a strategic refocus. Laid-off Workers to Receive Job Placement Assistance Sky Mavis, the blockchain startup behind Axie Infinity, announced plans to lay off about 50 employees, or 21% of its workforce. The company attributed the layoffs to a […]
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Join Regina as she plays Pixel. If you’re a fan of digital farming games like Farmville, Pixels might be your next obsession. Set in a vibrant pixelated world and powered by the Ronin blockchain, this free-to-play Web3 game offers players the chance to grow crops, complete quests, and more. Last week’s quick recap In the […]
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The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.
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The upgrade deployment script failed to call an important initialization function, leaving the vote threshold at zero and allowing anyone to withdraw ‘without signature.’
]]>The Ronin blockchain, widely known for its association with the popular game Axie Infinity, is under scrutiny once again. According to PeckShield, Ronin is suspected of being hacked, with an estimated $9.33 million at risk. This comes in the wake of a major security breach in March 2022, where Axie Infinity’s sidechain, Ronin Network, suffered a vulnerability that resulted in the theft of 173,600 ETH and 25.5 million USDC, amounting to losses exceeding $610 million. According to PeckShield, the game blockchain Ronin was suspected of being hacked, involving $9.33 million. In March 2022, Axie Infinity’s sidechain Ronin Network had a
The post Ronin Network Faces New Security Scare Involving $9.33 Million appeared first on The Merkle News.
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The MEV bot returned nearly all of the funds, and the team claimed that $500,000 was being paid to it as a bounty.
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If the exploit occurred due to a white hat hacker, the funds could soon be returned to the blockchain.
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Sky Mavis co-founder Jeffrey Zirlin believes that Ronin has a “dedicated and resilient community” that has been built since the launch of Axie Infinity.
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Axie Infinity creator Sky Mavis said that some of the funds will cover the recovery costs while the rest will return to the Axie treasury.
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Bitcoin recaptured a key price level and a handful of altcoins look poised to breakout.
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