So far the hack does not affect AXS and SLP too much. Some reasons to explain why the market does not over-react and people did not panic sell.
- Stolen crypto has been frozen after hackers deposit it to CEX, Binance, FTX etc.
- People believe that eventually Axie will get it back. It is just how long will it take.
If things are truly well like this, SLP will go to $0.04 or even to $0.1. The hack if can not kill them, will make them stronger.
Topic: Axie Infinity’s $615 million crypto hack - page 2. (Read 370 times)
Just to give an update as I've seen this news lately on what's happening now. The hacker has now sent the hacked Ethereum's on Tornado.cash.
Everyone knows what's it's all about, he's now mixing the hacked funds and it's going to be harder to nearly impossible to trace back where it has went.
Ronin hack proceeds seen headed to Tornado Cash
Everyone knows what's it's all about, he's now mixing the hacked funds and it's going to be harder to nearly impossible to trace back where it has went.
Ronin hack proceeds seen headed to Tornado Cash
This is going to be the biggest challenge yet to Axie Infinity but am sure that in due time it can be able to get back on its feet and be flying again...so this is just a temporary setback though it is a big one, I would say. I am not a big fan of Axie Infinity but I admire its success story and how it is able to be helping a lot of people with its Play-To-Earn concept...most especially here in my own country where there can be thousands taking advantage of this opportunity to earn while gaming. Sadly, this hack will never be the last and soon we can be hearing of another digital heists with bigger and biggest amounts at stake. Let's hope that a big portion of the total assets compromised can eventually be returned to where they should be.
It will not last long hackers will definitely be found because they are not too cunning in doing their actions, because they use a website that has been known by name in managing the funds they stole so it is very easy to track down the perpetrators, if blocked then the perpetrators will not be able to do anything, with this problem of course axie infinity will be a little disturbed because hackers very much take funds for the project.
~
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
There is not much of a huge correction even with the news of a hack and identifying the hackers depends upon how amateur the hackers are. They will monitor the wallet movements but unless and until they move the coins to an exchange that is helping with the trackers, they will be able to identify them. If not it is going to be a cat and mouse game as how many hacks we have seen till now and how many hackers were identified till now.How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
However, it looks like it never gives a huge impact on the anxiety infinity. The game continues.
https://edition.cnn.com/2022/04/03/tech/axie-infinity-hack-party-nft-la/index.html
Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to popular online game Axie Infinity.
Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
As far as I know, the management was able to track down the accounts of where the funds were sent and they were able to manage to freeze the said accounts in order to avoid further transaction of the money from one place to another. Though this may be the case, the fact that another exchange was hacked means that regulations would be stricter and withdrawing money would be relatively harder from now.
My friend, who is currently active in doing Axie Infinity, told me that the price will stabilize around May but as far as now, withdrawing money still poses a problem due to Ronin's hacking.
Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to popular online game Axie Infinity.
Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
Such a hacking attack will definitely not improve Axie Infinity situation. I hope that by some miracle it will be possible to find and recover the stolen money, but history shows that in most such situations, unfortunately the result is negative. Axie Infinity is a very solid and strong project, so its future is definitely not in danger, but I'm sure the developers are very angry.
~
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
There is not much of a huge correction even with the news of a hack and identifying the hackers depends upon how amateur the hackers are. They will monitor the wallet movements but unless and until they move the coins to an exchange that is helping with the trackers, they will be able to identify them. If not it is going to be a cat and mouse game as how many hacks we have seen till now and how many hackers were identified till now. How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
No update about what happened with ethereum that got stolen by the hacker. Im unable withdrawing my ethereum from the ronin and it seems like that there will be no ETA for this. This is the worst thing that happened this year. The team didn't even regularly checking its bridge and its security. 
That shows if they didn't even care with it. I can't withdraw my money and how garbage this team is. Only hype and poor security.
Know if their protocol got hacked after a week is the worst thing.
Yeah, still no update and I think that they intended to do that as they've got the leads already and it will be just a surprise announcement if ever they're able to retrieve parts of it or even if there's no retrieval that has happened. That shows if they didn't even care with it. I can't withdraw my money and how garbage this team is. Only hype and poor security.
Know if their protocol got hacked after a week is the worst thing.
I guess that they'll do safety measures these times as they've been a victim of neglected that part of their system. For sure that they've already assigned someone for it.
No update about what happened with ethereum that got stolen by the hacker. Im unable withdrawing my ethereum from the ronin and it seems like that there will be no ETA for this. This is the worst thing that happened this year. The team didn't even regularly checking its bridge and its security.
That shows if they didn't even care with it. I can't withdraw my money and how garbage this team is. Only hype and poor security.
Know if their protocol got hacked after a week is the worst thing.
That shows if they didn't even care with it. I can't withdraw my money and how garbage this team is. Only hype and poor security.
Know if their protocol got hacked after a week is the worst thing.
This is not a $615 hack as far as I know, it can be lessen but still the hack happened because of the weak security. Well, they will compensate it and their focus now is to reimburse the money. Now the withdraw system is back on Axie and most of the platform, this can be a good progress. Axie is here to stay, watch out for this week updates because for sure, Axie will become more interesting. This hacking incidents should not happen again, or else Axie will face its greatest nightmare.
Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to popular online game Axie Infinity.
Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
I'm not sure why AXS is still pumping after the hack.
This is huge and could signify future security risk, so I am not bullish on Axie at all after this event.
Liquidity has dried up for P2E and it's undeniable that growth in customer base is going to stagnate since their gameplay is pretty much nonexistent other than the farming aspects. Would short if I could.
with a hack case like this, it will definitely have a big impact on the axie infinity game project. especially for investors and users who play the game
will begin to arise anxiety about the security of the game.
I think the axie game in the future development process will definitely be even better from their security system and also from the games they offer.
for in the future I think users will come back to the game axie.
I think the identity of these hackers could have been detected and brought them to justice in the case of stealing huge crypto funds.
will begin to arise anxiety about the security of the game.
I think the axie game in the future development process will definitely be even better from their security system and also from the games they offer.
for in the future I think users will come back to the game axie.
I think the identity of these hackers could have been detected and brought them to justice in the case of stealing huge crypto funds.
Hacker was able stealing the funds from the bridge silently without even gave a notice to the developers if they have been hacked. How smart the hacker is but he was not so smart when it comes to send his hacked amounts to the centralized exchange site. The name of foundation will become the main thing in this case. If the company will not able to re-turn people money and i do believe there will be chaos by people who have ethereum in the ronin bridge. This will become a very bad thing for long term as more people in demand to cash out their money from the bridge.
Centralized service like this is so risky to be used in daily basis as there are so many bugs have not yet discovered.
Centralized service like this is so risky to be used in daily basis as there are so many bugs have not yet discovered.
Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to popular online game Axie Infinity.
Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
I wonder that this high stolen Axie did not put any impact on AXS price and still trading on 72$ with an 18% increase in 24 hours. Axie did very well previously and their early users made a decent profit. Slp price is very low from Ath but overall progress is good.Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
I think they will get hackers soon if they go deep into this matter and this kind of hacker should be brought to justice to avoid future hacking.
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
If this is true, of course it will have a bad effect on the game and the Axie Infinity project itself, everyone will be hesitant to invest and play here, but they are pretty stable at the moment.
If it's an attack from hackers, it's certainly not easy to find, even experienced people can't necessarily find out who attacked the project, this usually happens due to errors or data leaks from the developer himself.
Im a bit surprised that to see that happened with ronin bridge. The security is so weak. How is it possible for more than 150k ethereum getting drowned from the ronin bridge to the hacker's wallet. Even the hacker has been withdrawing bunch of USDC to his local bank account. The team was starting to trace the hacked by working with some centralized exchange site for that. This is good to see that the team was know at the late game and it gives more possibilities for the hacker to receive all of their funds on his cex account.
This time hacker will be jailed for sure. The cex can know the real identity from the hacker.
This time hacker will be jailed for sure. The cex can know the real identity from the hacker.
Are you new in cryptocurrency? Hacking the bridge of a certain network is not new and there’s still know vulnerability on this matter due to its nature of token wrapping. This hacking incident is same with Poly Network which is a multi network platform (Bridge) which hacker successfully steal worth of 611M USD. The CEX just respond quickly that’s way the hacker was forced to return it to the team. In case, the hacker might use mixer to getaway some part of the money which will be very hard to track.
Im a bit surprised that to see that happened with ronin bridge. The security is so weak. How is it possible for more than 150k ethereum getting drowned from the ronin bridge to the hacker's wallet. Even the hacker has been withdrawing bunch of USDC to his local bank account. The team was starting to trace the hacked by working with some centralized exchange site for that. This is good to see that the team was know at the late game and it gives more possibilities for the hacker to receive all of their funds on his cex account.
This time hacker will be jailed for sure. The cex can know the real identity from the hacker.
This time hacker will be jailed for sure. The cex can know the real identity from the hacker.
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?
Can they get to hackers identity and bring them to justice?
This was already an issue in March 28 after they disclosed it on discord and they already are making actions ever since they noticed the hacking. AFAIK all the crypto trading platforms that the hackers used even the Binance team will help Skymavis retrieve the stolen funds. It wouldn't really affect the game itself in short term since the stolen funds isn't SLP or AXS (which is their P2E token and Governance token respectively) and the funds where from the Bridge (mostly USDC already from the bridge users). Can they get it back? Yes, since the address used and involved in the hacking is already frozen in all platforms and even on the ETH network itself. They will just need to take it back from the hacker.
With the Origins getting closer to be available for PC users, I don't think the incident would even dent their progress in P2E ecosystem. As long as they did all precautionary measures, then they're fine.
Well if the disabling withdrawal and deposit of Ronin in a centralized exchange or any exchange that listed Ronin will be a great help to the Axie team.
That could give a huge impact on the price once all Ronin that has been hacked will be sold, we hope that hackers don't have an option to move this Ronin and we should be thankful for centralized exchange because they collaborate with the situation. Sometimes centralized exchange has a true use when it comes to a scenario like this, and decentralized don't have.
Yes, it is easy to see a discussion on which is better. Whether it is the DEX or CEX. Both have got its good and bad out of it. When it comes to CEX, this kind of blocking the withdrawal and deposit of the respective funds moved by the hackers. In this case, such a big hack will completely disturb the market. For now its developers said That could give a huge impact on the price once all Ronin that has been hacked will be sold, we hope that hackers don't have an option to move this Ronin and we should be thankful for centralized exchange because they collaborate with the situation. Sometimes centralized exchange has a true use when it comes to a scenario like this, and decentralized don't have.
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We are “currently working with law enforcement officials, forensic cryptographers and our investors to make sure that all funds are recovered or reimbursed. All of the AXS, RON and SLP [tokens] on Ronin are safe right now.”
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