Ronin Network co-founder’s wallet hacked; $9.6M in Ether stolen

February 23, 2024 06:11 PM AEDT | By Invezz

Ronin Network co-founder’s wallet hacked; $9.6M in Ether stolen — Image source: Invezz

A usual occurrence?

Ronin encountered a similar event in April 2022 when hackers compromised its Ethereum bridge, resulting in the loss of digital coins worth over $600 million. Reports alleged that the notorious North Korean Lazarus Group orchestrated the attack.

Meanwhile, the team is working to prevent fallout from the latest breach as stakeholders showcase their dedication to improving safety measures for assets’ security.

Ronin Network attack comes as the crypto market rides a bullish wave, and underscores the need for heightened safety in this nascent industry.

The post Ronin Network co-founder’s wallet hacked; $9.6M in Ether stolen appeared first on Invezz

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