Crypto Gloom

Axie Infinity’s Ronin Network has been hacked again, this time netting $9.2 million worth of ETH.

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NFT game Axie Infinity is once again in the spotlight as it falls victim to yet another multi-million dollar cryptocurrency heist. Similar to the $620 million heist in 2022, hackers were able to gain access to the Ronin network and steal approximately $9.5 million worth of Ethereum (ETH) from multiple individual wallets, two of which were one of the game’s wallets. It was owned by Jeff Zirlin. He is the co-founder of Sky Mavis.

The stolen cryptocurrency was routed through cryptocurrency “launderer” Tornado Cash, which mixed funds from multiple users, making it virtually impossible to trace their original source. Zirin himself Confirmed extortion of X. It provided assurances that cryptocurrency operations would not be affected at all. He is also one of the co-founders of Axie Infinity. tried to downplay it It happens on all blockchain platforms and making it look like losing $9.2 million is a routine occurrence.

However, cryptocurrency operations were truly affected, with the price of Ronin (RON) dropping 13% in the aftermath of the recent Axie robbery. It’s worth noting that 13% isn’t much, considering RON is currently sitting at $3.01 per piece, a few cents below its original price of $3.17.

“Whatever you think about cryptocurrency and Axie Infinity, there’s no doubt that this guy has pulled off one of the few true successes in our brief phase of delusional NFT culture,” the MMO developer said. Damion Schubert. “If this guy can cheat out of millions of dollars, it’s safe to say that cryptocurrency isn’t ready for prime time yet.”