Ronin replaces compromised validators and plans to ‘bolster’ security after $600 million hack (via _vishalchawla)
The development team also plans to add new validators to strengthen its blockchain security.Ronin, an Ethereum sidechain that hosts Axie Infinity's play-to-earn game, said it has replaced the compromised validator nodes run by the game’s creator Sky Mavis and its core contributor.
Ronin’s development team also revealed plans to add new security validators in the coming weeks, meaning the number of parties verifying transactions on the sidechain will increase.on Thursday, adding,The update comes after a massive exploit was disclosed on Ronin on Tuesday. The sidechain reported an unknown entity stole more than 173,600 ether and 25.5 million USDC stablecoin a week prior.
In an earlier community-alert, Ronin did admit having a ‘small validator set,’ which it may be planning to expand. However, the complete details regarding the validator update have yet to be released. As to the ongoing investigation of the $600 million hack, the Ronin team said it had ‘various calls’ with key stakeholders, including law enforcement agencies and exchanges, adding that it “cannot share more substantial information” for the time being.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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