Ronin himself reported the hack on Tuesday. This could have appeared when the user wanted to withdraw 5,000 Ethereum that morning. That did not work, after which the company began an investigation. It was discovered that hackers stole 173,000 Ethereum coins and $25.5 million USD.
Crypto thieves gained access to the developers’ Sky Mavis systems, and were able to control the private keys needed to allow transactions. This way they can illegally transfer funds to their digital wallet in two transactions. Since transactions in cryptocurrencies are transparent to everyone, it is possible to find out where the money is now online. most money turns up It hasn’t been routed yet, but it’s still in the hackers’ wallet.
Ronin is a platform where online gamers can trade non-fungible tokens (NFTs). NFTs, a type of virtual ownership certificate, are increasingly used in online games to prove that a player owns certain characters or tradable items related to the game. In Ronin, players exchange NFTs for cryptocurrency.
The robbery took place on March 23 but was only discovered on Tuesday. Cryptocurrency trading through Ronin’s systems has been temporarily suspended, and the company has tightened the security of the system. “We are working with law enforcement, crypto forensics, and our investors to make sure that users don’t lose money,” Ronen said. “This is our top priority now.”
Theft is probably the biggest crypto theft of all time. Last August, a hacker stole about 522 million euros in cryptocurrency from PolyNetwork. Then PolyNetwork itself spoke of the “biggest heist ever” of cryptocurrency. However, in this case, it was the “ethical hacker” who wanted to expose the weaknesses in the provider’s system. The hacker returned 95 percent of the stolen amount in the days following the hack. The ronin does not seem to have a moral motive: the thieves have been silent about their actions and have made no known contact with the victim.
“Coffee buff. Twitter fanatic. Tv practitioner. Social media advocate. Pop culture ninja.”