Ethereum

2024

Ronin

Axie Infinity

<a href="https://bitcoinworld.co.in/axie-infinity-co-founder-loses-9-7m-in-3248-ethereum-eth-wallet-hack/" title="Axie Infinity Co-Founder Loses $9.7m In 3,248 Ethereum (ETH) Wallet Hack" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400">Two personal crypto wallets of Axie Infinity Co-Founder, Jeff “Jihoz” Zirlin, got compromised, allowing the hacker to walk away with $9.7 million worth of Ethereum (ETH).</li>
</ul>
Two crypto wallet addresses belonging to Jeff “Jihoz” Zirlin, one of the five co-founders of Axie Infinity and Ronin Network, were hacked, and roughly $9.7 million worth of Ethereum (ETH)&nbsp;
On Feb. 23, blockchain investigator PeckShield alerted about a “whale wallet” compromise over the Ronin Bridge, <a href="https://twitter.com/Psycheout86/status/1760837760179380279" rel="noopener noreferrer nofollow">reporting</a> that the hacker made away with 3,248 ETH.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Hacked or not hacked? <a href="https://twitter.com/Ronin_Network?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ronin_Network</a>
 0x73f428e1037a310d472A24100dA37fB1d8dEC8B8 0x39F817976C51A91b60145feBad81067e69713105 0xA4017DE6460bD63a77404dd2C2344D6135eD13b2 <a href="https://t.co/WQxaY9n5OR" rel="noopener noreferrer nofollow">https://t.co/WQxaY9n5OR</a> <a href="https://t.co/5KURCJAW77" rel="noopener noreferrer nofollow">pic.twitter.com/5KURCJAW77</a>
 — PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1760841185306849500?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 23, 2024</a>
</blockquote>
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Aleksander Larsen, co-founder of Ronin Network, immediately responded that “the (Ronin) bridge itself has top security” and suspected a wallet hack instead.
Larsen also highlighted that the Ronin Bridge had been audited and is designed to pause if an unusually large withdrawal is detected.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/crypto-gaming-platform-playdapp-lost-290-million-worth-of-pla-tokens-in-two-hack-exploits/" aria-label="“Crypto Gaming Platform PlayDapp Lost $290 Million Worth Of PLA Tokens In Two Hack Exploits” (Edit)" rel="noopener noreferrer nofollow">Crypto Gaming Platform PlayDapp Lost $290 Million Worth Of PLA Tokens In Two Hack Exploits</a>
Soon after, Zirlin confirmed that two of his personal wallets had been hacked. He said the attack was not due to vulnerabilities within the Ronin chain or Sky Mavis operations, adding:
“I want to assure everyone that we have strict security measures in place for all chain-related activities.”
PeckShield said that the root cause of the hack was a “wallet compromise,” which allowed the unauthorized outbound transfer of funds.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 This has been a tough morning for me.&nbsp;
 Two of my addresses have been compromised.
 The attack is limited to my personal accounts, and has nothing to do with validation or operations of the Ronin chain.
 Additionally, the leaked keys have nothing to do with Sky Mavis operations.…
 — Jihoz.ron <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f98c.png" alt="🦌" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Jihoz_Axie) <a href="https://twitter.com/Jihoz_Axie/status/1760845078757511562?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 23, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
While no particular details were shared about the events that led to the hack, Zirlin’s message suggests that the private keys of the two wallets were leaked, which led to unauthorized access to his personal crypto wallets.
PeckShield’s investigation of the compromised wallets from Ronin Bridge v2 suggests that the 3,248-ETH loot was initially split and moved to three different wallets.&nbsp;
The funds eventually made their way into Tornado Cash, a service often used by hackers to anonymize the funds’ ownership and traceability.
On Feb. 1, Binance froze $4.2 million worth of stolen XRP, a part of the $112-million hack on Ripple co-founder Chris Larsen’s personal wallet from Jan. 31.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 After finding out early on about the exploit that occurred at <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a>, we’re happy to say that the <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> team has managed to freeze $4.2 Million worth of <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> stolen by the exploiter.
 We appreciate both the communities efforts in flagging it to exchanges – as always <a href="https://twitter.com/zachxbt?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@zachxbt</a>…
 — Richard Teng (@_RichardTeng) <a href="https://twitter.com/_RichardTeng/status/1753100751713517903?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 1, 2024</a>
</blockquote>
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Unlike Axie Infinity’s Jihoz hacker, Larsen’s hacker didn’t use crypto mixer services or decentralized exchanges to hide their identity.&nbsp;
As a result, Binance was able to track down some of the funds and block them from the hacker’s access.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
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The post <a href="https://bitcoinworld.co.in/axie-infinity-co-founder-loses-9-7m-in-3248-ethereum-eth-wallet-hack/" rel="noopener noreferrer nofollow">Axie Infinity Co-Founder Loses $9.7m In 3,248 Ethereum (ETH) Wallet Hack</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Axie Infinity Co-Founder Loses $9.7m In 3,248 Ethereum (ETH) Wallet Hack

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