🚨$10M Lost in Wallet Hack! Hackers on the prowl🚨💥

While you labour to make sterling gains from crypto, hackers are out there hunting to steal it.😳

In a recent incident, a wallet hack led to a loss of $10 million💵. The founders are assuring users about the security of the chain.

In a recent security breach, Jeffrey Zirlin, co-founder of Sky Mavis, the company behind the popular Axie Infinity game, fell victim to a wallet hack, resulting in a loss of over $10 million. Here's a breakdown of the key details:

What Happened: Zirlin confirmed that two of his personal wallets were compromised in the hacking incident.

Chain Integrity: Despite the breach, Zirlin assured users that the Ronin sidechain, which hosts Axie Infinity, remains secure and unaffected by the attack.

Scope of Attack: Blockchain security firm PeckShield revealed that a significant "whale wallet" was targeted, raising speculation about the security of the Ronin Bridge. Approximately 3,248 ETH, equivalent to $9.7 million, was illegally withdrawn and transferred to the crypto mixer Tornado Cash.

Isolated Incident: Zirlin's counterpart, Aleksander Leonard Larsen, emphasized that the Ronin Bridge maintains robust security measures and that the compromised wallet was an isolated incident, similar to occurrences on other blockchain networks.

Overall Crypto Security Trends: In 2023, the crypto space saw over 600 major hacks, resulting in $2.61 billion in losses, according to PeckShield. However, there was a 27.8% decrease in crypto hacks and scams compared to the previous year.

Despite this setback, the founders are working diligently to address the issue and ensure the ongoing security of the Axie Infinity ecosystem.

What are your thoughts on this situation?

#Write2Earn

#TrendingTopic

#CryptoSecurity

#axs

#hackattack