The Ronin Bridge, associated with Axie Infinity, suffered a hack resulting in the loss of over $9 million. The bridge has been paused for investigation.
Points
- Ronin Bridge was hacked, losing over $9 million.
- The bridge has been paused for investigation following reports of an MEV exploit.
- Previous incidents include a $600 million hack in 2022.
The Ronin Bridge, an Ethereum sidechain built for the popular play-to-earn non-fungible token game Axie Infinity, has once again been compromised. The latest hack resulted in the loss of approximately $9.33 million, with 3,996 Ethereum （ETH） stolen. This incident marks another significant breach in the security of the Ronin Network.
The Ronin Bridge facilitates the transfer of assets between the Ronin chain and the Ethereum network. On-chain detective PeckShield confirmed the breach, and Axie Infinity co-founder and chair Aleksander Leonard Larsen announced the halting of operations on the bridge. This pause allows for a thorough investigation, with initial reports suggesting a Maximal Extractable Value （MEV） exploit might be responsible.
Leonard Larsen assured users that the bridge, which secures over $850 million, remains safe despite the hack. The investigation is ongoing, with more information expected to follow as the team works to address the vulnerabilities exploited by the hackers.
This is not the first time the Ronin Bridge has been targeted. In 2022, the bridge suffered a catastrophic $600 million hack. Hackers gained access to private keys for its validator nodes, compromising five validator nodes, which were enough to approve transactions. Following that incident, project developers raised $150 million to reimburse affected users and temporarily shut down the bridge before reopening it months later.
Despite the repeated security breaches, Axie Infinity’s native token, AXS, has seen a 9% increase in value, participating in the broader market recovery. However, these incidents raise critical questions about the network’s governance and security measures. The centralized nature of the Ronin Bridge, with the team acting as the sole validators, is a significant point of concern that needs addressing to prevent future hacks.
解説
- Ronin Bridge Hack: Highlights the ongoing security challenges in blockchain networks, particularly in bridging technologies.
- MEV Exploit: Indicates sophisticated methods used by hackers to exploit vulnerabilities in the system.
- Previous Incidents: Reflects a pattern of security breaches, emphasizing the need for improved governance and security measures.
- Impact on Axie Infinity: Despite the hacks, the game’s native token AXS has shown resilience, indicating strong community support and market recovery potential.