Ronin blockchain hit with $620 million crypto heist

Experts have ranked the theft as the largest decentralized finance heist in history

Sky Mavis’ Ronin Network, which supports its Axie Infinity game, has suffered the largest cryptocurrency theft in its history.

The organization announced yesterday that the Ronin network had been hacked to the tune of 173,000 Ethereum, or roughly $594 million, and $25 million in US dollars.

Comparitech has ranked the incident as the largest crypto-heist of all time.

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