Share this article
Binance Partially Resumes Deposits, Withdrawals on Ronin Network as Hack Recovery Continues
Gaming-focused Ronin on Tuesday disclosed a loss of more than $625 million in USDC and ether.
Updated May 11, 2023, 3:59 p.m. Published Apr 2, 2022, 12:47 p.m.
Global exchange giant Binance said Saturday that deposits and withdrawals on Axie Infinity's Ronin Network, which had been suspended since Tuesday following perhaps the largest hack in decentralized history, have partially resumed.
- On Wednesday, Binance said it had suspended all deposits and withdrawals on the Ronin Network and blocked potential hacker addresses, with a dedicated monitoring team watching for any unusual transactions. In addition, Binance paused withdrawals of wrapped ether (wETH) on the Ethereum network, and the convert function from wETH to ether .
- Today, the crypto exchange said deposits and withdrawals for axie infinity (AXS) and on the Ronin network have been resumed. However, withdrawals of wrapped ether on the Ethereum network, and the convert function from WETH to ETH remains closed, until the exchange deems it to be stable.
- Binance said a dedicated team continues to monitor for unusual transactions.
- On Tuesday, Ronin said an attacker "used hacked private keys in order to forge fake withdrawals" from the Ronin bridge across two transactions, and tallied losses at 173,600 ETH and 25.5 million USDC, or more than $625 million at current values.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Read more:So You’ve Stolen $600M. Now What?
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
