With Axie Infinity being a big hit, Sky Mavis' Ronin bridge exploited and hacked for 173,600 ETH and 25.5M USDC which is about USD 625 million. The hackers were able to breach the Ronin Network with the use of hacked private keys to create fake withdrawals. Binance has since disabled its connection to and from Ronin as a precautionary measure. As for the next steps, Sky Mavis ensures users that they are working closely with government agencies to apprehend the hackers. Binance CEO Changpeng Zhao on Friday has announced that their trading platform had recovered USD 5.8 million worth of crypto funds linked to North Korean-orchestrated hacking of blockchain based, play-to-earn game Axie Infinity. The DPRK hacking group started to move their Axie Infinity stolen funds today. Part of it made to Binance, spread across over 86 accounts. — CZ 🔶 Binance (@cz_binance) April 22, 2022 As previously reported, Ronin Bridge Ethereum (ETH) sidechain of Sky Mavis’ Axie Infinity has suffered USD 625 million theft—which is considered the biggest crypto heists ever recorded. Read more in our articles including "Sky Mavis' Ronin bridge exploited for 173,600 ETH, 25.5M USDC" and "Binance recovers USD 5.8M of stolen funds linked to Axie Infinity hack".
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May 9, 2026With Axie Infinity being a big hit, Sky Mavis' Ronin bridge exploited and hacked for 173,600 ETH and 25.5M USDC which is about USD 625 million. The hackers were able to breach the Ronin Network with the use of hacked private keys to create fake withdrawals.
Binance has since disabled its connection to and from Ronin as a precautionary measure. As for the next steps, Sky Mavis ensures users that they are working closely with government agencies to apprehend the hackers. Binance CEO Changpeng Zhao on Friday has announced that their trading platform had recovered USD 5.8 million worth of crypto funds linked to North Korean-orchestrated hacking of blockchain based, play-to-earn game Axie Infinity.
Our coverage of binance hack includes: "Sky Mavis' Ronin bridge exploited for 173,600 ETH, 25.5M USDC"; "Binance recovers USD 5.8M of stolen funds linked to Axie Infinity hack"; "Globe AT HOME offers free upgrades to 1Gbps and Wifi 6 routers to loyal postpaid subscribers". Each article provides unique insights and information.