
Ronin, an Ethereum-linked sidechain made by Sky Mavis specifically for Axie Infinity (CRYPTO: AXS), disclosed Tuesday a major security breach that led to the theft of about $620 million in cryptocurrency.
What Happened: About 173,600 Ethereum (CRYPTO: ETH) and 25.5 million USD Coin (CRYPTO: USDC) were drained from the Ronin bridge in two transaction on March 23, the Ronin Network said in a blog post.