Ronin

Axie Infinity

Security

Coin

<ul class="news-points"> 
 <li>Co-founder of the firm behind Axie Infinity lost over $10 million in a wallet hack.</li> 
 <li>PeckShield revealed that a significant “whale wallet” lost the funds.&nbsp;</li> 
 <li>Founders assured that the blockchain is intact and only a wallet was compromised.</li> 
</ul> 
Jeffrey Zirlin, co-founder of Sky Mavis, the firm behind the Axie Infinity game, confirmed that two of his personal wallets were compromised in a hacking incident on Friday. 
However, Zirlin <a href="https://twitter.com/Jihoz_Axie/status/1760845078757511562" target="_blank" rel="nofollow">assured</a> the public that the Ronin sidechain, which hosts Axie Infinity, remained unaffected by the security breach. 
“The attack is limited to my personal accounts, and has nothing to do with the validation or operations of the Ronin chain,” said Zirlin. Additionally, the co-founder explained that the leaked keys have “nothing to do” with Sky Mavis operations, reassuring the public that chain-related activities have “strict security measures.”&nbsp; 
Blockchain security firm PeckShield <a href="https://twitter.com/PeckShieldAlert/status/1760843091916042439" target="_blank" rel="nofollow">revealed</a> that a significant “whale wallet” was the target of the attack, speculating if Ronin Bridge had been hacked. Approximately 3,248 ETH, valued at $9.7 million, was illicitly withdrawn from the Ronin Bridge and subsequently transferred to the…
The post <a href="https://coinedition.com/10m-lost-in-wallet-hack-founders-assure-the-security-of-the-chain/">$10M Lost in Wallet Hack; Founders Assure the Security of the Chain</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

$10M Lost in Wallet Hack; Founders Assure the Security of the Chain

Coin Edition

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