Explainer-Ronin’s $615 million crypto heist

Published by
Reuters UK

By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) – Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to popular online game Axie Infinity, the latest cyberheist to hit the digital asset sector. Ronin, a blockchain network that lets users transfer crypto in and out of the game, said on Tuesday the theft happened on March 23 but was not detected until almost a week later. Here’s what you need to know about the Ronin heist. CRYPTO’S A BIG DEAL NOW, RIGHT? Indeed. Bitcoin and other digital currencies have exploded into public view in recent years, w…

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