Ronin Bridge Exploit — Cashing out through Huobi, FTX, Crypto.com?
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Ronin Bridge Exploit — Cashing out through Huobi, FTX, Crypto.com?
Monitoring digital assets worth over $600M+ USD with ease: Uppsala Security’s latest Crypto Asset Monitor Solution
Written by: Uppsala Security Threat Intelligence Operations Team
On the 29th of March 2022, Ronin Network announced through Twitter that the Ronin Bridge had been exploited for a total of 173,600 Ethereum and 25.5M USDC, worth over $600M USD at time of writing — making this one of the largest DeFi related exploits in history.
The exploiter drained these assets through 2 fraudulent transactions, faking withdrawals from the bridge on the 23rd of March, as seen below. According to Ronin Network’s team, this was executed by the exploiter through the use of hacked private keys, and was discovered by their team the same day they had made the announcement.
Digital asset tracking, especially for incidents like this where large amounts of assets are involved, can become complicated at times. …
Monitoring digital assets worth over $600M+ USD with ease: Uppsala Security’s latest Crypto Asset Monitor Solution
Written by: Uppsala Security Threat Intelligence Operations Team
On the 29th of March 2022, Ronin Network announced through Twitter that the Ronin Bridge had been exploited for a total of 173,600 Ethereum and 25.5M USDC, worth over $600M USD at time of writing — making this one of the largest DeFi related exploits in history.
The exploiter drained these assets through 2 fraudulent transactions, faking withdrawals from the bridge on the 23rd of March, as seen below. According to Ronin Network’s team, this was executed by the exploiter through the use of hacked private keys, and was discovered by their team the same day they had made the announcement.
Digital asset tracking, especially for incidents like this where large amounts of assets are involved, can become complicated at times. …