Axie Infinity is a popular cryptocurrency game that lets players earn money while they play. It’s connected to the biggest decentralized finance hack, known as DeFi.

Axie Infinity’s Ronin Network said in a blog post on TuesdayUSDC was the stablecoin that pegged to the U.S. dollar and it cost $615 Million. ethereumThis surpasses the $611 million Hack of the DeFi Protocol Poly Network in August 2021.

Ronin Networks, Axie Infinity and their official Discord and Twitter accounts confirmed that there was a security breach. The DeFi networks are aiming to recreate traditional financial systemsLike banks but running on the Ethereum blockchain.

This exploit was discovered after an attacker was unable withdraw 5,000ether. The attack actually took place in Mar. 23. Exploiters used stolen private keys to create fake withdrawals. The blog posted said that this was done by hackers.

Ronin claimed that 173,600 Ethereum and 25.5M USDC were drained from Ronin’s bridge by Ronin in two transactions. can be viewedEtherscan. At current prices, the project has lost $615 million.

Axie Infinity, a game built on blockchain technology that allows users to collect digital animals and then breed them called “Axies.” Axie Infinity is a blockchain-based game that lets users collect and breed digital creatures, unlike traditional pay-to play games. allows players to earn money by selling their Axie non-fungible tokens, or NFTs, to other users.

Sky Mavis of Axie Infinity stated that the company is determined to recover or reimburse all funds that have been drained. At the moment, you cannot withdraw or deposit money.  

Ronin stated that it is working with law enforcement officers, forensic cryptographers, and investors to ensure there are no user fund losses.

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