Ronin Bridge Restarts After $620M Hack: Compensation for Victims

Sky Mavis, the developer company of Axie Infinity, one of the blockchain-based play to earn games, said that it will restart the Ronin bridge, which was hacked in March, and will pay compensation to the victims.

Bloomberg’s June 23 According to the news dated Sky Maviswhich was closed after one of the biggest hacking events in the history of kripro ronin your bridge 28 June on will restart and to the victims will pay compensation.

Co-founder and COO of Sky Mavis Alexander Larsen In his statement on the subject, he used the following statements:

The bridge will be refilled with ETH and USDC owned by users. Everything is as planned and the validators are ready.

hackerspast March At that time in total in the attack they carried out in 620 million dollars worthwhile 173,600 Ethereum (ETH) and 25.5 million USDC had stolen. Considering the overall decline in the cryptocurrency market since the hack event, stolen assets are currently only $216.5 million has value.

In his statement on the subject, after the bridge was restarted, users that they can shoot for each ETH they hold on the bridge in March. a company spokesperson, Axie Infinity DAO found in the treasury 56,000 ETHif it’s unsecured He said he would stay.

Sky Mavisfor users who lost money in a previous statement promise of compensation had given. After the company April per month Binance fund launched for victims led by 150 million dollars had collected.

source site-9