Axie Infinity Relaunches Ronin Bridge Months After $615M Attack
June 29 2022
Axie Infinity has relaunched its Ronin Bridge, which allows users to transfer funds to and from the Ronin Network. The bridge was shut down following a $615 million hack in March.
In a Nutshell:
Axie Infinity has relaunched its Ronin Bridge, which was hacked for $615 million earlier in the year.
Users' funds are backed 1:1 by the new bridge, and it contains a circuit-breaker system that serves as a contingency plan in the even suspicious large withdrawals take place.
The team has organized an internal audit and two external audits to ensure the safety of the bridge.
What it Means:
Axie Iinfinty may see a sudden boost in activity on the Ronin Network, as the NFT collectible game remains popular as ever. The team has worked hard to improve security, so should the bridge work as intended now, it could have the impact it was initially hoped to have as a gaming ecosystem with user-first features.