Axie Infinity, Ronin Network Lose $625 Million in Hack Attack, Ether and USD Coin Stolen

The Ronin Network is developed by Sky Mavis as a bridge for crypto transfer between blockchain and gaming. It was breached by malicious actors who extracted 173,600 Ether and 25.5 million USD Coin units amounting to $625 million (roughly Rs. 4,729 crore). A legal investigation has been launched in the case and the stolen funds are being traced.

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