RoninBridgeAlert

According to Odaily, blockchain security audit company Beosin Alert has detected abnormal cross-chain asset extraction behavior in the Ronin Bridge project. The Beosin security team analyzed that the root cause of this abnormal behavior lies in the project's failure to properly initialize the operator weight required for cross-chain transaction confirmation during contract upgrades. This oversight resulted in the minimumVoteWeight parameter in the contract being set to zero, allowing any signature to pass cross-chain verification. Currently, 3,996 ETH has been lost from the Ronin Bridge, with the funds stored at address 0xc6aec68dd6272efcbc74fb5308fe7f070437465e, which is identified as an MEV bot, suggesting it might be a white hat action. Beosin is currently collaborating with the project team to address this incident.

Recently, Chainlink ($LINK ) has showcased different signs of a price breakout. This crypto has witnessed a 1.97% surge in Open Interest a few days back. It shows a positive futures outlook for LINK.
Investors Betting Big As LINK Retests Critical Levels
As per CoinGlass Data, 37.30 million LINK have been committed in Open Interest by the token’s investors. The volume translates to approximately $467.19 million invested by futures traders in the asset as they anticipated a bullish rally.
A few days back, LINK had reached $12.59 but faced rejection as it attempted to breach the $12.60 level for the higher climb.
Price Action and Resistance Levels:
-LINK rebounded from $10.19 to $12.44, showing signs of recovery.
-It attempted to break $12.60 but faced rejection, making this a key resistance level.
-If LINK stabilizes and surpasses $14.50, it could rally toward $20–$30 in 2025.
Ronin Network Moves to Chainlink, Showcasing Real-World Use
The Ronin network launched on April 11, 2025. Now, it has moved into the broader ecosystem by migrating its bridge to Chainlink’s CCIP, a cross-chain protocol.
This enhances the security of the tokens ike USDC, WETH, and AXS between Ethereum and Ronin.
All the tokens are supposed to be shifted by 25 April, 2025. This will essentially increase Ronin’s interoperability and allow for the support of more tokens.

It will connect Ronin to 46 major chains. In addition to this partnership with the Ronin Network, Chainlink has also inked a deal with Abu Dhabi Global Market (ADGM). It is a move to promote tokenization in the UAE.
Future Outlook
Right now, LINK is around 75% down from its all-time high of $52.88 (May 2021). Analysts believe that Chainlink is in a breakout zone. It points toward a strong rally which can occur if resistance holds and more buyers step in. If momentum fades, LINK could drop to $10–$11.

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