In an official announcement today, Ronin Network, a blockchain supporting the crypto game Axie Infinity, said it suffered a major security breach in which hackers made off with close to $625 million worth of Ethereum (ETH) and USD Coin (USDC). The digital heist is apparently the largest theft of all time within the decentralized finance (DeFi) space.
According to the announcement, Sky Mavi, a game studio focused on the development of crypto-based video games, and owner of both Ronin and Axie Infinity, identified the hack after a user attempted to withdraw 5,000 ETH from the Ronin bridge to no avail. Following this, the attack was discovered as having taken place last week. The specifics:
