Axie Infinity (AXS) Ronin Network Launches Bug Bounty Program in Response to $600,000,000 Hack

The Axie Infinity (AXS) Ronin Network is launching a “bug bounty” program that will offer up to one million to hackers for finding weaknesses in the project's blockchain. In late March, the Ronin bridge was hacked for 173,600 ETH and 25.5 million stablecoin USD Coin (USDC), worth about a combined $600 million. The Ronin Network The post Axie Infinity (AXS) Ronin Network Launches Bug Bounty Program in Response to $600,000,000 Hack appeared first on The Daily Hodl.

Timeline of Axie-infinity, Rocket-raccoon

Ronin Network confirms the relaunch date after the recent $620 million hacks and also confirmed that Lazarus Group was behind the hack attack so let's read more today in our latest cryptocurrency news. Ronin Network confirms that it identified hackers related to the recent hack of $620 million and that all user funds are in

April has so far been a rough month for Axie Infinity following a major exploit through which digital assets worth $600 million were stolen. The malicious hack has undoubtedly had a negative impact on AXS' bearish price action.

The Ronin bridge is being redesigned after a major hack last month, with the opening of the new bridge delayed till late May. The delay is necessary since the bridge will be built to secure “billions of dollars in assets,” a new update from the team behind the bridge has said.

Whether we like it or not, the crypto world has changed significantly. It's not just about market caps and price changes anymore. Unfortunately, due to many scams and rug pulls, investors are hesitant about dropping money on just about any new cryptocurrencies. Instead, they want a project with a purpose, a long-term investment that'll enrich …

Ronin Network improves security after hack The hack has been tied to the Lazarus group The firm breaks down the attack Ronin Network, in conjunction with Sky Mavis, has announced that they will be taking initiatives to ensure the security on the platforms is beefed up. This latest announcement is coming off.

In a new post-mortem report, Axie Infinity's Ronin sidechain team said it was evaluating its security on all fronts. The post Sky Mavis plans to become a ‘zero-trust organization' after $600 million Ronin hack appeared first on The Block.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In March, Axie Infinity tokens were trading at $45, which was also a long-term support level for the price on the charts. As the month of March progressed, the bulls were able to initiate a

Axie Infinity price approaches an oversold condition that hints at a reversal in trend favoring the bulls. This price action for AXS has also produced a bullish technical formation that adds further credence to the optimistic outlook.

Earlier this month, Ronin, the Ethereum Sidechain that hosts the popular play-to-earn blockchain game Axie Infinity was hit by hackers. The hack was deemed to be one of the biggest hacks in crypto history totaling $622 million in crypto.