Ronin Network: What a $600m hack says about the state of crypto

31 Mar 2022 284 views

Thousands, if not millions, of people could have lost money in the second largest crypto hack in history.
Ronin Network, a key platform powering the popular mobile game Axie Infinity, has had $615m (£467m) stolen.
A 20-year-old from Wiltshire, Dan Rean, is one of those affected. He told the BBC: “I have lost 0.15 Ethereum, about $500. It’s bad but I have friends in a worse position.”
Jack Kenny is one of those friends, and said: “I’m down about $10,000.”
The 23-year-old from Ireland added: “I don’t think people fully understand the significance of this hack – $600m is a very big portion of all the assets in this network.”
Another man from the US east coast says he has lost $8,000, but adds there are people who may have lost their “life savings” after saving up digital coins from playing Axie Infinity.

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