Ronin Ethereum bridge from Axie Infinity has officially reopened after the hack

Ronin, a blockchain firm financed by Sky Mavis, has formally reopened the Ronin bridge.



The business announced in a blog post on Tuesday that users can now transfer money to and from the Ronin network using wrapped ETH (wETH) and USDC that are backed 1:1 by ETH and USDC on Ethereum.


The popular play-to-earn game Axie Infinity, created by blockchain game company Sky Mavis, is supported on the Ethereum sidechain known as Ronin.


These modifications are the outcome of this year's March 29 infrastructure attack, which cost $600 million.


For further protection, Sky Mavis used a zero-trust redesign and a circuit-breaker technology that stops suspiciously big withdrawals in addition to the bridge that backs user funds.


That bridge has relaunched following two external audits and one internal audit, as was announced last week. Now that the bridge is operational, the Sky Mavis team guarantees to make amends to individuals harmed by the exploit.


In a Tuesday newsletter, Ronin claimed that "all users have been made whole."

The Lazarus Group, a cybercriminal outfit associated with the North Korean government, and the Ronin hackers were linked by the US government.

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