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Topic: Axie Infinity’s $615 million crypto hack - page 3. (Read 370 times)

sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
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.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
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.
Yeah that shows how amateur axie developer is. They do know if their protocol got hacked a week after that happened. They are very amateur in keeping the security of blockchain.  Cool Cool

How it gonna affect axie infinity?
This gonna give a long term impact to the axie. When the hacker was sending to the tornado and this will be the end for axie. Axie must reimburse all of its ethereum owners. The foundation must used its token to give it back to the investors and im sure they will be liquidating it.

Can they get to hackers identity and bring them to justice?
The good thing is if axie hacker has ever used centralized exchange site for that. This is the only chance for axie foundation to recover the lose.
legendary
Activity: 1932
Merit: 1273
Well there were reports that the hackers uses uses CEX (FTX and crypto.com) to manage the funds they steal so maybe there is a chance that the bad actors will be identify.
Which address does it contain the CEX pathway?

As long as they reimbursed the people who got affected by this hack,~
How do they gonna reimburse the victim though? by printing more tokens or something?


Can they get to hackers identity and bring them to justice?
If follow the official statement, they are involving many centralized entities like an exchange, blockchain analysis company, and also law enforcement, if there is a loophole in how the attacker designates the attack, then it will likely be identified. But if they managed it carefully, I believe the probability is small.
sr. member
Activity: 1435
Merit: 250
PredX - AI-Powered Prediction Market
Ronin continues to update and currently Ronin has provided the last update and we hope to get good results for the development of this project so that something like this does not happen again, and this is the update that has been given from Ronin to date regarding the current situation.

https://roninblockchain.substack.com/p/community-alert-ronin-validators?s=r
hero member
Activity: 2842
Merit: 625
How it gonna affect axie infinity?
The trust will be gone from many.

Can they get to hackers identity and bring them to justice?
I hope so and they've said that they're already working with major exchanges for which the hacker has sent those funds that have been robbed from them.

Just wait and wish them all the best if there's a probable good news that shall come from them and if they can recover a huge part of that hacked funds.
hero member
Activity: 2282
Merit: 589
Can they get to hackers identity and bring them to justice?
I have reviewed the transfer of hacker funds on exploit wallets 3 directing deposits to FTX, I believe if FTX can freeze funds from hacking reports or can reveal the identity of hackers trying to withdraw fiat to local bank accounts.

Hackers will leave wallets to look for opportunities on exchanges with privacy rules for anonymous withdrawals, maybe there is no such exchange as many exchanges already require KYC for members.
sr. member
Activity: 1274
Merit: 264
Hackers have stolen cryptocurrency worth almost 620 USD 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?
Well there were reports that the hackers uses uses CEX (FTX and crypto.com) to manage the funds they steal so maybe there is a chance that the bad actors will be identify. But it might take months and months of going through the reports and hopefully the exchanges are going to cooperate to them in order to identify the hackers. I guess this kind of attacks will have a drastic effects to the affected networks.
For sure it would be banned as well, just like on what Binance had done.
https://www.coindesk.com/business/2022/03/30/binance-suspends-deposits-and-withdrawals-on-ronin-network-after-hack/

They suspend Deposits and withdrawals of Ronin network.Dont know if hacker do able to make some cashouts on FTX and crypto.com
but most likely they might able to block it depending on their responsiveness to the issue.

As long as they reimbursed the people who got affected by this hack, the good thing is that they are only doing their best to resolve this case. Hopefully, this will not happen again in the future and provide more security.

And providing updates regarding the investigation of this case.

https://twitter.com/Ronin_Network/status/1509623624583585792?s=20&t=7Ts7JAf4KklIf09uQJIJ3w
legendary
Activity: 2450
Merit: 1225
-snip-
Tornado Cash ~XD

But, he cannot do it once. Need to doit a several times with a small fund, so not easy to be tracked. Yes big money hard to laundry that money, by the way 615$ Million is really big. If the hacker want to do some profit for him self, he can simple use that money for pumped some coin and he using his own money to buy the token before the pump.

I believe with that money can make the market of the target token/coin is up.
member
Activity: 728
Merit: 10
Even with that Axie will still grow in terms of active players. A lot of users are earning good money from the game and it is more like a real full time job.
The developers are about to release the next version of the game offering free Axies for the new users which will make it a real play to earn game.
member
Activity: 208
Merit: 10
This hacker is a greedy fellow, how the hell is he going to get away with this large amount of money? Many tried this in the past they end up giving up the money, there is no way you can escape with a huge amount of money like this.
full member
Activity: 1638
Merit: 167
PredX - AI-Powered Prediction Market
the theft they do is not small, I'm sure the related CEX developers (FTX and Crypto.com) will definitely be willing to help axie infinity. I'm sure this won't have a big impact on Axie Infinity because after all this is a disaster.
legendary
Activity: 3094
Merit: 1127
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?
Well there were reports that the hackers uses uses CEX (FTX and crypto.com) to manage the funds they steal so maybe there is a chance that the bad actors will be identify. But it might take months and months of going through the reports and hopefully the exchanges are going to cooperate to them in order to identify the hackers. I guess this kind of attacks will have a drastic effects to the affected networks.
For sure it would be banned as well, just like on what Binance had done.
https://www.coindesk.com/business/2022/03/30/binance-suspends-deposits-and-withdrawals-on-ronin-network-after-hack/

They suspend Deposits and withdrawals of Ronin network.Dont know if hacker do able to make some cashouts on FTX and crypto.com
but most likely they might able to block it depending on their responsiveness to the issue.
hero member
Activity: 2870
Merit: 594
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?
Well there were reports that the hackers uses uses CEX (FTX and crypto.com) to manage the funds they steal so maybe there is a chance that the bad actors will be identify. But it might take months and months of going through the reports and hopefully the exchanges are going to cooperate to them in order to identify the hackers. I guess this kind of attacks will have a drastic effects to the affected networks.
member
Activity: 102
Merit: 34
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?
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