Sky Mavis recovers 57M from Ronin Bridge hack

1. Sky Mavis recovers $5.7M after Ronin Bridge hack - Sky Mavis,the company behind the popular blockchain game Axie Infinity,recovered $5.7 million worth of cryptocurrencies following a recent hack on the Ronin Bridge bridge. The attacker managed to exploit a vulnerability in the bridge contract,resulting in the loss of crypto assets. However,the team at Sky Mavis worked swiftly to secure the funds and restore the affected accounts,reassuring the community of their commitment to safeguarding user assets.

2. Security measures in the wake of the hack - In response to the breach,Sky Mavis implemented additional security measures to prevent future exploits. These measures include enhancing the auditing process for the bridge contracts,conducting a security review of all contracts and infrastructure,and reinforcing monitoring and alert systems to detect suspicious activities promptly. The company has also urged users to exercise caution and report any unusual activities to prevent potential security threats.

3. Impact on the Axie Infinity ecosystem - The hack and subsequent recovery efforts have had a significant impact on the Axie Infinity ecosystem. While the stolen funds have been returned,the incident has highlighted the vulnerability of decentralized finance platforms and the importance of robust security measures. Despite the setback,Sky Mavis remains determined to strengthen the platform's security and rebuild trust with its community,emphasizing the need for constant vigilance in the ever-evolving crypto landscape.



source https://titdoi.com/news/Sky-Mavis-recovers-57M-from-Ronin-Bridge-hack