The 2023 Ronin Network Hack
In March 2023, the Ronin Network, a sidechain for the popular blockchain game Axie Infinity, was exploited, resulting in the theft of around $620 million in Ethereum and USDC. The attackers gained access to validator nodes and executed unauthorized transactions.
The incident highlighted the security risks of decentralized networks and the need for rigorous validator security protocols. Ronin Networkâs response included a temporary halt of operations and an extensive investigation to strengthen its security infrastructure.
#VanEck_SOL_ETFS #HamsterKombat #Babylon_Mainnet_Launch #VanEck_SOL_ETFS
