The Ronin Hack Explained (August 2024)

On August 6, 2024, the Ronin bridge was exploited, resulting in a $12M loss. The hack was due to a smart contract vulnerability after an update. The Ronin team quickly paused the contract and negotiated with white-hat hackers to return the stolen funds.

Check out the latest article by Vladislav Yaroshuk, which explores the $12M Ronin bridge hack, detailing the exploit, response, and lessons learned for future security.

Link: https://medium.com/@gr_gred/the-ronin-hack-explained-august-2024-5415495acc08