Ronin Network Hack

Latest Ronin Network Hack news and analysis from CoinDesk, the leader in crypto journalism. Read in-depth coverage, expert insights, and price updates.

Ronin Network Hack

Finance

Axie Infinity Builder Takes ‘Full Responsibility’ for $625M Ronin Hack, Exec Says

“These are the players who trusted us, and we failed to live up to that trust,” Sky Mavis co-founder Alexsander Larsen said on CoinDesk TV Friday.

By Fran VelasquezApr 8, 2022

"We're the team that pushed to go down this path of, you know, progressive decentralization and, and all those trade-offs made us vulnerable for this attack,” Larsen said.
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Latest Crypto News

Today
7:19 AM
Negative
BTC0.00%
+1 Asset
Ether's recent crash below $2,000 leaves $686 million gaping hole in trading firm's book
The firm’s looped ETH long position unraveled this week as ether's price crashed, resulting in an estimated $686 million loss.
2:25 AM
Negative
BTC0.00%
BlackRock bitcoin ETF options saw record activity during crash, sparking theories of hedge fund blowup
Options trading on BlackRock's spot bitcoin ETF, IBIT, surged to a record 2.33 million contracts on Thursday as bitcoin crashed.
Yesterday
6:44 PM
Negative
Crypto's eligibility for 401k retirement funds is under fire after brutal market rout wipes out $2 trillion
"401ks exist to help people save for a secure retirement, not gamble on speculative assets," said an industry observer.

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