The Ronin bridge, connected to Axie Infinity, halted operations earlier today following an exploit that led to the loss of $12 million in assets, though most of the funds were quickly returned thanks to ethical hackers.
The attack, caused by a recent bridge upgrade issue, involved 4,000 ETH and $2 million in USDC.
This incident follows a major hack in March 2022, where Ronin lost $622 million.
Despite these security lapses, Ronin's token RON remains relatively stable.
Source: Decrypt
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