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