Update:

The ETH (~$10 M) has been returned and we expect that the USDC will be returned later today. We thank the white hats for their vigilance and integrity. The Bug Bounty Program will reward the white hats with a 500 K bounty.

The bridge will undergo an audit before it is reopened. We will provide updates as we make progress on this audit.

We aim to shift operation of the bridge away from the current structure. We will be working with the Ronin validators to onboard a new solution and will provide updates on this as the work progresses.

We thank the Ronin community and our allies for their support today.

If you’d like to know what’s been happening on Ronin recently (aside from this), we recommend going through our mid-year review: