Ronin Network Compromised

Ronin Network plays a vital role in the ecosystem of play-to-earn titles such as Axie Infinity, along with various NFT platforms. As of January 14, the network boasted 250,000 unique active addresses, had seen 2.5 million downloads of the Ronin wallet, and facilitated an impressive $5 billion in total value deposits.

On March 29th, the company announced The security incident actually transpired six days before it was made public, specifically on March 23. 173,600 Ethereum and 25.5M USDC In two separate transactions, funds were siphoned off from the Ronin bridge.

The perpetrator managed to create forged withdrawal requests, successfully pilfering five validator private keys out of a total of nine. This breach occurred as the hacker gained access to four keys from Sky Mavis along with one from Axie DAO.

The alarming hack came to light only five days later, after a user faced issues trying to withdraw 5,000 ETH from the Ronin bridge.


The organization is actively collaborating with law enforcement, cryptographers, and investors involved in Ronin. They assure that all RON, AXS, and SLP tokens on the network remain secured, despite the fact that ETH and USDC deposits were completely drained from the bridge.


Currently, all activities on the Ronin Network have been halted, preventing users from making deposits or withdrawals.
Due to the ongoing challenges with depositing and arbitraging funds on the Ronin Network, the Katana Dex platform is presently undergoing maintenance.

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