Axie Infinity’s $615 million crypto hack

[JeffBrad12]

Hacker was able stealing the funds from the bridge silently without even gave a notice to the developers if they have been hacked. How smart the hacker is but he was not so smart when it comes to send his hacked amounts to the centralized exchange site. The name of foundation will become the main thing in this case. If the company will not able to re-turn people money and i do believe there will be chaos by people who have ethereum in the ronin bridge. This will become a very bad thing for long term as more people in demand to cash out their money from the bridge.
Centralized service like this is so risky to be used in daily basis as there are so many bugs have not yet discovered.

[ardydyon]

with a hack case like this, it will definitely have a big impact on the axie infinity game project. especially for investors and users who play the game
will begin to arise anxiety about the security of the game.
I think the axie game in the future development process will definitely be even better from their security system and also from the games they offer.
for in the future I think users will come back to the game axie.
I think the identity of these hackers could have been detected and brought them to justice in the case of stealing huge crypto funds.

[magneto]

Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to popular online game Axie Infinity.
Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.

How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?

I'm not sure why AXS is still pumping after the hack.

This is huge and could signify future security risk, so I am not bullish on Axie at all after this event.

Liquidity has dried up for P2E and it's undeniable that growth in customer base is going to stagnate since their gameplay is pretty much nonexistent other than the farming aspects. Would short if I could.

[crzy]

This is not a $615 hack as far as I know, it can be lessen but still the hack happened because of the weak security. Well, they will compensate it and their focus now is to reimburse the money. Now the withdraw system is back on Axie and most of the platform, this can be a good progress. Axie is here to stay, watch out for this week updates because for sure, Axie will become more interesting. This hacking incidents should not happen again, or else Axie will face its greatest nightmare.

[WalkerIVIV]

No update about what happened with ethereum that got stolen by the hacker. Im unable withdrawing my ethereum from the ronin and it seems like that there will be no ETA for this. This is the worst thing that happened this year. The team didn't even regularly checking its bridge and its security. 
That shows if they didn't even care with it. I can't withdraw my money and how garbage this team is. Only hype and poor security.

Know if their protocol got hacked after a week is the worst thing.

[tabas]

No update about what happened with ethereum that got stolen by the hacker. Im unable withdrawing my ethereum from the ronin and it seems like that there will be no ETA for this. This is the worst thing that happened this year. The team didn't even regularly checking its bridge and its security. 
That shows if they didn't even care with it. I can't withdraw my money and how garbage this team is. Only hype and poor security.

Know if their protocol got hacked after a week is the worst thing.

Yeah, still no update and I think that they intended to do that as they've got the leads already and it will be just a surprise announcement if ever they're able to retrieve parts of it or even if there's no retrieval that has happened.
I guess that they'll do safety measures these times as they've been a victim of neglected that part of their system. For sure that they've already assigned someone for it.

[7788bitcoin]

~
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?

There is not much of a huge correction even with the news of a hack and identifying the hackers depends upon how amateur the hackers are. They will monitor the wallet movements but unless and until they move the coins to an exchange that is helping with the trackers, they will be able to identify them. If not it is going to be a cat and mouse game as how many hacks we have seen till now and how many hackers were identified till now.

[Naficopa]

Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to popular online game Axie Infinity.
Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.

How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?

Such a hacking attack will definitely not improve Axie Infinity situation. I hope that by some miracle it will be possible to find and recover the stolen money, but history shows that in most such situations, unfortunately the result is negative. Axie Infinity is a very solid and strong project, so its future is definitely not in danger, but I'm sure the developers are very angry.

[qwertyup23]

Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to popular online game Axie Infinity.
Ronin, a blockchain network that allows users to move funds in and out of the game this is where the crypto was stolen from.
Ronin said sky mavis working with major blockchain tracker Chainalysis to trace the stolen funds.

How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?

As far as I know, the management was able to track down the accounts of where the funds were sent and they were able to manage to freeze the said accounts in order to avoid further transaction of the money from one place to another. Though this may be the case, the fact that another exchange was hacked means that regulations would be stricter and withdrawing money would be relatively harder from now.

My friend, who is currently active in doing Axie Infinity, told me that the price will stabilize around May but as far as now, withdrawing money still poses a problem due to Ronin's hacking.

[Sled]

~
How it gonna affect axie infinity?
Can they get to hackers identity and bring them to justice?

There is not much of a huge correction even with the news of a hack and identifying the hackers depends upon how amateur the hackers are. They will monitor the wallet movements but unless and until they move the coins to an exchange that is helping with the trackers, they will be able to identify them. If not it is going to be a cat and mouse game as how many hacks we have seen till now and how many hackers were identified till now.

Even if they are pro-hackers but since they are using an exchange, they will still catch and get the hacked money back. I believe that exchange is also working together with Ronin and probably they freeze the account, so no chance that they can withdraw the funds.

However, it looks like it never gives a huge impact on the anxiety infinity. The game continues.
https://edition.cnn.com/2022/04/03/tech/axie-infinity-hack-party-nft-la/index.html

[Rampagoe004]

It will not last long hackers will definitely be found because they are not too cunning in doing their actions, because they use a website that has been known by name in managing the funds they stole so it is very easy to track down the perpetrators, if blocked then the perpetrators will not be able to do anything, with this problem of course axie infinity will be a little disturbed because hackers very much take funds for the project.

[DapanasFruit]

This is going to be the biggest challenge yet to Axie Infinity but am sure that in due time it can be able to get back on its feet and be flying again...so this is just a temporary setback though it is a big one, I would say. I am not a big fan of Axie Infinity but I admire its success story and how it is able to be helping a lot of people with its Play-To-Earn concept...most especially here in my own country where there can be thousands taking advantage of this opportunity to earn while gaming. Sadly, this hack will never be the last and soon we can be hearing of another digital heists with bigger and biggest amounts at stake. Let's hope that a big portion of the total assets compromised can eventually be returned to where they should be.

[tabas]

Just to give an update as I've seen this news lately on what's happening now. The hacker has now sent the hacked Ethereum's on Tornado.cash.
Everyone knows what's it's all about, he's now mixing the hacked funds and it's going to be harder to nearly impossible to trace back where it has went.
Ronin hack proceeds seen headed to Tornado Cash

[hd49728]

So far the hack does not affect AXS and SLP too much. Some reasons to explain why the market does not over-react and people did not panic sell.

- Stolen crypto has been frozen after hackers deposit it to CEX, Binance, FTX etc.
- People believe that eventually Axie will get it back. It is just how long will it take.

If things are truly well like this, SLP will go to $0.04 or even to $0.1. The hack if can not kill them, will make them stronger.

[Polkeins]

Just to give an update as I've seen this news lately on what's happening now. The hacker has now sent the hacked Ethereum's on Tornado.cash.
Everyone knows what's it's all about, he's now mixing the hacked funds and it's going to be harder to nearly impossible to trace back where it has went.
Ronin hack proceeds seen headed to Tornado Cash

If the hacker managed to send to Tornado.cash, then that's it, you can say goodbye to this money.
Apparently, the Axie Infinity team was able to negotiate only with centralized sites like Binace and others, but mixers like Tornado Cache seemed untraceable until recently. It seems that there was no case when after the Tornado.cash it was able to track where the cryptocurrency went. In general, a very large-scale hacking, it is better for the Axie Infinity team to start cooperating with law enforcement agencies.

[dimonstration]

So far the hack does not affect AXS and SLP too much. Some reasons to explain why the market does not over-react and people did not panic sell.

- Stolen crypto has been frozen after hackers deposit it to CEX, Binance, FTX etc.
- People believe that eventually Axie will get it back. It is just how long will it take.

If things are truly well like this, SLP will go to $0.04 or even to $0.1. The hack if can not kill them, will make them stronger.

Simply because SLP and AXS holders are full whales tht manipulating the market. They are shilling there team to invest more and don't panic on this hack event. But I doubt that this bull run will continue since this whales keep dumping there bag to small tome holders that got fomo on the right price. I doubt that SLP will stay above 0.4$ again considering how huge the new SLP being mine everyday by tons of player.

[LogitechMouse]

Just to give an update as I've seen this news lately on what's happening now. The hacker has now sent the hacked Ethereum's on Tornado.cash.
Everyone knows what's it's all about, he's now mixing the hacked funds and it's going to be harder to nearly impossible to trace back where it has went.
Ronin hack proceeds seen headed to Tornado Cash

Just to add this update.
200 ETH was being sent to TornadoCash while 1000 ETH was sent to another address base on this tweet.

The address of the hacker who stole $610 million in the Ronin_Network case began to move, transferring 1000 ETH to another address and then 200 ETH to TornadoCash.
https://etherscan.io/address/0xbc25d57412a04956cdd95af07825c5c1f34d29eb

Right now, Katana the DEX of Ronin is still in maintenance days after the hacking incident and Sky Mavis has already committed that the stolen funds will be reimbursed. I'm kinda curious though regarding the Origin where they released it just after the incident went public. Maybe they did it to prevent downfall of prices? Just my opinion though I'm holding some AXS and RON .

I doubt that SLP will stay above 0.4$ again considering how huge the new SLP being mine everyday by tons of player.

I think no one is expecting for it to reach that price again. That happened because of the massive hype but right now the hype is gone already.

[casperBGD]

~snip

I doubt that SLP will stay above 0.4$ again considering how huge the new SLP being mine everyday by tons of player.

I think no one is expecting for it to reach that price again. That happened because of the massive hype but right now the hype is gone already.

yeah, $0,4 is totally not realistic
but, $SLP is rising again today, not sure that it is going to hold, but it is green

Origin was planned long-time ago to be released on this time, hack was just a coincide with that, it was not released to blur the hack

what is a mystery for me, is that they had six days between the leak and noticing it, it is really long overdue

[aytash]

Guys, despite the Chinese blockchain system, I still wonder why digital currencies are stolen
Obviously, in the crypto ecosystem, public offering (IEO) is on the rise these days compared to ICOs (coin offering). This new way of selling coins in certain exchanges seems to be a new and profitable style while the projects are still going on.
On the other hand, many financial projects such as Fibodex are introduced to the market as a ready-to-present platform in the form of ICO.
And it is still not possible to distinguish healthy projects from counterfeit ones.
Is this my only problem or are others involved?

Is stealing and cheating in the way of providing tokens? What do you think about this new method?

[WalkerIVIV]

No update about what happened with ethereum that got stolen by the hacker. Im unable withdrawing my ethereum from the ronin and it seems like that there will be no ETA for this. This is the worst thing that happened this year. The team didn't even regularly checking its bridge and its security. 
That shows if they didn't even care with it. I can't withdraw my money and how garbage this team is. Only hype and poor security.

Know if their protocol got hacked after a week is the worst thing.

Yeah, still no update and I think that they intended to do that as they've got the leads already and it will be just a surprise announcement if ever they're able to retrieve parts of it or even if there's no retrieval that has happened.
I guess that they'll do safety measures these times as they've been a victim of neglected that part of their system. For sure that they've already assigned someone for it.

This garbage developers must reimburse our money. What the heck happened with our ethereum will never be returned again. This shit scammer jihoz didn't even care with our money.

Just to give an update as I've seen this news lately on what's happening now. The hacker has now sent the hacked Ethereum's on Tornado.cash.
Everyone knows what's it's all about, he's now mixing the hacked funds and it's going to be harder to nearly impossible to trace back where it has went.
Ronin hack proceeds seen headed to Tornado Cash

The worst scenario happened and we will never see our ethereum again. This scam developers must sold all of their premined axie token to subtitute our ethereum.
Im getting frustated that to see that so we have no seen what will be happening next.