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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New Web3 gaming projects continue to enter the sector as the price of cryptocurrencies surge.
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After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project’s native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days. […]
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Play-to-earn games struggle to retain users, which is exactly why one analyst says they need to focus on function over fun.
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After recording more than $4 billion in all-time sales, Axie Infinity announced the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode. The team also introduced non-fungible token (NFT) runes and charms that can be minted on […]
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BTC and ETH prices are in a clear bull trend, but derivatives data shows pro traders haven’t turned into bulls just yet.
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Grayscale, a leading cryptocurrency asset manager, seems to have set its gaze on the metaverse as a business opportunity. Yesterday the company released a report where it examined the feasibility of this interconnected virtual world and how these economies can provide a profitable entry for investors, considering this area could grow to be a $1 […]
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Axie Infinity players can stake their AXS tokens with rewards to follow up soon.
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The world’s first social media-managed NFT shares its views and plans with Cointelegraph
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