Hackers are reaping the rewards after exploiting a Ronin (RON) bridge for $10 million in Ethereum (ETH). According to the gaming-focused blockchain’s X account, white hat hackers have returned $10,000,000 in USDC to the network and will receive $500,000 in compensation for their efforts. “The ETH (~$10 M) has been returned and we expect that […]
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The MEV bot returned nearly all of the funds, and the team claimed that $500,000 was being paid to it as a bounty.
The maximum extractable value (MEV) bot that drained nearly 3,996 Ether (ETH) from the Ronin network bridge on Aug. 6 has returned nearly all of the funds, according to data from block explorer Etherscan. This indicates that the bot may have accidentally front-run the attack. At the time the ETH was returned, it was worth more than $10 million.
The bot returned the funds at 3:04 pm UTC. A total of 3,991 ETH was transferred to the Ronin team, while the remaining 5 ETH has not been returned. The Ronin team announced the return on social media platform X and stated that the bot’s owner was being rewarded $500,000 for discovering the exploit.
The team said it will only allow the bridge to be reopened after the vulnerability is patched and an audit is performed.
The recurring vulnerabilities in crypto bridges highlight the urgent need for enhanced security measures to protect substantial user funds.
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Discover the Ragnarok Ronin partnership that brings the iconic Ragnarok Online into the blockchain gaming world with ZERO X AND's new title.
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An Ethereum (ETH)-based gaming altcoin is skyrocketing after being abruptly listed by Coinbase, the top US-based crypto exchange platform by volume. In a new announcement, Coinbase says that starting on March 21st, it will be adding support for Ronin (RON), a protocol developed by play-to-earn blockchain game developer Sky Mavis, the same team that created […]
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A Web3 gaming altcoin built on the Ronin (RON) blockchain is soaring after securing a listing on top crypto exchange Binance. Pixels (PIXEL), an open-ended game focused on farming and exploration, shot up Monday from a low of $0.4711 to a high of $0.6887, a more than 46% increase. At time of writing, PIXEL has […]
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Binance is announcing plans to list an upcoming social Web3 gaming altcoin via its Launchpool platform. The top global crypto exchange says the 46th Binance Launchpool project will be Pixels (PIXEL), a blockchain-based, open-ended game focused on farming and exploration. Launchpool allows users to stake coins to farm new assets. Starting on Friday, Binance users […]
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Binance will pay up to $5 million to anyone who can unearth corruption in the exchange’s crypto asset listing process, according to the company’s co-founder. On Monday, the top global crypto exchange announced it would list Ronin (RON), a gaming-focused Ethereum (ETH) sidechain. The asset, however, had already surged 100% in price over the past […]
The post Binance Co-Founder Says up to $5,000,000 Rewards Available for Information on Pre-Listing Insider Trading appeared first on The Daily Hodl.
Binance, the largest digital asset exchange in the world, is about to list a hot gaming-focused crypto project. In a new announcement, Binance says that the platform will support Ethereum (ETH)-based Ronin (RON) for trading beginning Tuesday following the token soaring by more than 100% in a month. Once launched for open trading, Binance says […]
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