$600 million crypto hit !
It was stated that more than $ 600 million in crypto money was stolen by infiltrating transfer platforms called "bridges" from a blockchain network connected to the online gaming platform Axie Infinity.
Hackers carried out one of the largest crypto attacks to date, stealing close to $600 million worth of cryptocurrencies from a blockchain network affiliated with the popular online gaming platform Axie Infinity.
It was stated that 173,600 Ether and 25.5 million USDC tokens were stolen from the platform, by attacking computers named node, which is controlled by Sky Mavis and Axie Dao, and which converts the tokens in the network for use in another network and supports the tool called “Ronin Bridge”.
According to the statement, the system was infiltrated on March 23, but this was noticed on Tuesday. The attack in question was the latest to mark the "bridges" open to trouble. The computer code for many of these bridges is thought to be mostly unchecked, and hackers take advantage of vulnerabilities they have identified.
Bridges are generally known as platforms that are unknown by whom and how they are managed, but it is stated that there are still thousands of bridges used and people transfer hundreds of millions of dollars in this way.
"Structures should be created to monitor illegal transfers"
Wifred Daye, head of Securitize Capital, said, "The fact that no one noticed this incident for six days clearly demonstrates the need to establish some structures to track illegal transfers."
The price of Ronin, a token used by the Ronin blockchain, dropped 22 percent after the announcement of the event. It was observed that AXS, used by Axie Infinity, lost around 11 percent in value.
In a statement on the subject on his blog, Ronin stated that he is working with the main crypto exchanges and Chainanalysis, which specializes in blockchain tracking, and noted that they are also cooperating with law enforcement. According to the blockchain crime firm Elliptic, the stolen funds were transferred to two crypto exchanges.
While Huobi tweeted that they would "give full support to Axie Infinity after the attack", Sam Bankman-Fried, the head of the FTX exchange, announced in an e-mail that they would help with criminal investigation. Binance Holdings Ltd. and OKX made similar statements, adding that they were working on some clues with Binance security forces.