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International Business Times

Business

Marvie Basilan

Ronin Network Exploit: 'White Hats' Return $12M After Crypto Community Erupts Over Breach

Ronin Ronin Network Crypto blockchain

Ronin said the actors of Tuesday's exploit were white hats -- the funds have since been returned. White Hat Hacking Explained | YouTube (Credit: The Infographics Show YouTube Channel/Screenshot)

KEY POINTS

Ronin said white hats informed it about an issue on the Ronin bridge Tuesday
The network said the actors 'responded in good faith' but some crypto users are doubtful
Others suggested the exploit could have been carried out by an 'insider'

Web3 gaming blockchain Ronin Network was attacked by actors who took a total of $12 million in Ether ($ETH) and USD Coin ($USDC) tokens due to an issue with the Ronin bridge, and while the stolen funds have been returned by the "white hats," some crypto users' questions remain unanswered.

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