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Hackers Steal About $600 Million in One of the Biggest Crypto Heists

  • Ronin Network says thieves took Ether, USDC tokens on March 23
  • Bridge hacks can threaten the ecosystem of decentralized apps
Bloomberg business news
WATCH: Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game. Su Keenan reports.Source: Bloomberg
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Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game in one of the biggest crypto attacks to date.

Computers known as nodes operated by Axie Infinity maker Sky Mavis and the Axie DAO that support a so-called bridge -- software that lets people convert tokens into ones that can be used on another network -- were attacked, with the hacker draining what’s known as the Ronin Bridge of 173,600 Ether and 25.5 million USDC tokens in two transactions. The breach happened on March 23, but was only discovered Tuesday, according to Ronin, the blockchain that supports Axie Infinity.