RoninHack
875 views
3 Discussing
Hot
Latest
Day 10 – The Largest Crypto Heist Ever? $625 Million… in a Video Game 😮🎮
> 🧨 Crypto Fact of the Day
The biggest crypto hack in history didn’t happen to a bank or a billionaire…
It happened inside a video game called Axie Infinity.
In March 2022, hackers stole $625 million in Ethereum and USDC from Ronin Network, the blockchain that powered the game.
Axie Infinity was a “play-to-earn” game that let users earn crypto by battling with digital creatures — hugely popular in Southeast Asia.
The attackers exploited a vulnerability in the bridge connecting the game to Ethereum.
U.S. authorities later traced the hack back to North Korean cybercriminals linked to the Lazarus Group.
So yeah… even video games aren’t safe when real money’s involved.
#CryptoFacts #AxieInfinity #RoninHack #BlockchainGaming #TheHiddenChapter
> 🧨 Crypto Fact of the Day
The biggest crypto hack in history didn’t happen to a bank or a billionaire…
It happened inside a video game called Axie Infinity.
In March 2022, hackers stole $625 million in Ethereum and USDC from Ronin Network, the blockchain that powered the game.
Axie Infinity was a “play-to-earn” game that let users earn crypto by battling with digital creatures — hugely popular in Southeast Asia.
The attackers exploited a vulnerability in the bridge connecting the game to Ethereum.
U.S. authorities later traced the hack back to North Korean cybercriminals linked to the Lazarus Group.
So yeah… even video games aren’t safe when real money’s involved.
#CryptoFacts #AxieInfinity #RoninHack #BlockchainGaming #TheHiddenChapter
The Ronin Network Hack – The $620 Million Heist That Shook DeFi(Part-02)
Crypto Endgame: Season Two – The Real Stories Continue
2️⃣ The Ronin Network Hack – The $620 Million Heist That Shook DeFi
It was March 23, 2022, and the crypto world was thriving. Axie Infinity, the popular blockchain-based game, had millions of players, and its underlying Ronin Network was handling massive transactions daily.
Then, in a single moment, $620 million vanished—one of the largest crypto hacks in history.
✔️ 173,600 ETH and 25.5M USDC were stolen—worth $620 million at the time.
✔️ Hackers exploited a vulnerability in Ronin’s validator nodes—gaining control over five of the nine validators.
✔️ The breach went unnoticed for six days—until a user tried to withdraw funds and realized the bridge was empty.
3️⃣ The Warning Signs No One Saw
Ronin Network was designed to speed up transactions for Axie Infinity, but its security model had a critical flaw:
🚨 Centralized validators—Only nine validators controlled the network, making it easier for hackers to take over.
🚨 Weak security protocols—Hackers used social engineering to gain access to private keys.
🚨 Delayed detection—The attack happened on March 23, but wasn’t discovered until March 29.
4️⃣ The Aftermath: Chaos and Recovery
✔️ Axie Infinity players were devastated—many lost their earnings overnight.
✔️ The FBI linked the attack to North Korea’s Lazarus Group—a notorious cybercrime organization.
✔️ Binance helped recover $5.8 million, but most of the stolen funds were laundered through Tornado Cash.
5️⃣ Lessons Learned
✔️ Decentralization matters—Ronin’s centralized validator system made it vulnerable.
✔️ Security must evolve—Crypto projects must constantly audit and upgrade their security measures.
✔️ Hackers are getting smarter—Social engineering attacks are becoming more sophisticated.
#RoninHack #CryptoSecurity #DeFiLessons #Write2Earn
This is just the beginning—Season Two will uncover the real stories that shaped crypto history. 🚀🔥 Let me know if you need any refinements!
2️⃣ The Ronin Network Hack – The $620 Million Heist That Shook DeFi
It was March 23, 2022, and the crypto world was thriving. Axie Infinity, the popular blockchain-based game, had millions of players, and its underlying Ronin Network was handling massive transactions daily.
Then, in a single moment, $620 million vanished—one of the largest crypto hacks in history.
✔️ 173,600 ETH and 25.5M USDC were stolen—worth $620 million at the time.
✔️ Hackers exploited a vulnerability in Ronin’s validator nodes—gaining control over five of the nine validators.
✔️ The breach went unnoticed for six days—until a user tried to withdraw funds and realized the bridge was empty.
3️⃣ The Warning Signs No One Saw
Ronin Network was designed to speed up transactions for Axie Infinity, but its security model had a critical flaw:
🚨 Centralized validators—Only nine validators controlled the network, making it easier for hackers to take over.
🚨 Weak security protocols—Hackers used social engineering to gain access to private keys.
🚨 Delayed detection—The attack happened on March 23, but wasn’t discovered until March 29.
4️⃣ The Aftermath: Chaos and Recovery
✔️ Axie Infinity players were devastated—many lost their earnings overnight.
✔️ The FBI linked the attack to North Korea’s Lazarus Group—a notorious cybercrime organization.
✔️ Binance helped recover $5.8 million, but most of the stolen funds were laundered through Tornado Cash.
5️⃣ Lessons Learned
✔️ Decentralization matters—Ronin’s centralized validator system made it vulnerable.
✔️ Security must evolve—Crypto projects must constantly audit and upgrade their security measures.
✔️ Hackers are getting smarter—Social engineering attacks are becoming more sophisticated.
#RoninHack #CryptoSecurity #DeFiLessons #Write2Earn
This is just the beginning—Season Two will uncover the real stories that shaped crypto history. 🚀🔥 Let me know if you need any refinements!
The $600M Ronin Hack: When DeFi Met Cyberwarfare
In March 2022, the blockchain gaming world was rocked when Axie Infinity’s Ronin Network was exploited for over $600 million in #ETH and USDC. It wasn’t just a smart contract bug — it was a full-scale cyberattack, later linked to North Korea’s Lazarus Group.
🕵️♂️ The hackers used stolen validator keys to forge fake withdrawals, draining funds from the Ethereum bridge in a single stealthy move. The breach went unnoticed for six days.
🎮 Ronin was the backbone of Axie Infinity — the most popular play-to-earn game at the time. Players’ earnings and the game’s economy were severely impacted.
💰 While the project eventually raised funds to reimburse users, the attack triggered massive changes in bridge security, validator decentralization, and #defi audit standards.
💡 Most importantly, it showed the world that crypto is no longer just finance — it’s a new front in cyberwarfare.
🏷️ #RoninHack
#AxieInfinity
#LazarusGroup
In March 2022, the blockchain gaming world was rocked when Axie Infinity’s Ronin Network was exploited for over $600 million in #ETH and USDC. It wasn’t just a smart contract bug — it was a full-scale cyberattack, later linked to North Korea’s Lazarus Group.
🕵️♂️ The hackers used stolen validator keys to forge fake withdrawals, draining funds from the Ethereum bridge in a single stealthy move. The breach went unnoticed for six days.
🎮 Ronin was the backbone of Axie Infinity — the most popular play-to-earn game at the time. Players’ earnings and the game’s economy were severely impacted.
💰 While the project eventually raised funds to reimburse users, the attack triggered massive changes in bridge security, validator decentralization, and #defi audit standards.
💡 Most importantly, it showed the world that crypto is no longer just finance — it’s a new front in cyberwarfare.
🏷️ #RoninHack
#AxieInfinity
#LazarusGroup
Login to explore more contents