Axie Infinity’s Ronin network suffers ≈$625M exploit in largest DeFi hack to date

Crypto gaming giant Axie Infinity, which raised last year at a $3 billion valuation from a16z, was already having a catastrophic week. It just didn’t know about it until this morning. The popular play-to-earn title’s Ethereum-linked Ronin sidechain was exploited for 173,600 ether, or about $597 million, and $25.5 million worth of the stablecoin USDC. […]

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