Binance Announces Ronin Network Suspension as Hacker Attempts to Cash Out Stolen Funds
Following a major security breach on the Ronin Network, global exchange giant Binance has announced the temporary suspension of deposits and withdrawals of tokens based on Ronin. This action comes as investigators work to track the stolen funds. Ronin on Tuesday said an attacker used hacked private keys in order to forge fake withdrawals from the Ronin bridge across two transactions, and pegged losses at a significant amount.
Ronin Network Hack: Binance Takes Action
The security incident on the Ronin Network (RON) prompted Binance to act swiftly. The exchange is supporting the Axie Infinity team in tracking the movement of the compromised assets. La Exchange informo que, tras la brecha de seguridad que ocurrió en la red de Ronin (RON), su equipo de investigación está apoyando a Axie Infinity con el seguimiento. Binance’s decision to restrict withdrawals and supervise transactions comes soon after a blockchain security firm, SlowMist, revealed that the hacker was attempting to launder the stolen funds.
Impact on Users: Deposits and Withdrawals Temporarily Halted
Binance suspenderá temporalmente los depósitos y retiros de tokens basados en Ronin a partir de las UTC del 17 de marzo para respaldar la próxima investigation. Global exchange giant Binance said Saturday that deposits and withdrawals on Axie Infinity's Ronin Network, which had been suspended since Tuesday following perhaps the largest hack, will remain paused while investigations continue. Estimado/a Binancian:Tras la falla de seguridad que ocurrió en la red Ronin (RON), el equipo de investigaciones de Binance está apoyando al equipo de Axie Infinity para rastrear las stolen funds.
Trading on Ronin Network Remains Unaffected
Despite the suspension of deposits and withdrawals, Binance emphasized that the trading of tokens on the Ronin Network will not be affected during the ongoing investigation. Los usuarios podrán seguir comprando y vendiendo activos associated with Ronin and Axie Infinity. This is welcome news for users who actively trade these tokens.
Details of the Ronin Network Hack
Ronin said on Tuesday that an attacker used hacked private keys to forge fake withdrawals from the Ronin bridge in two transactions, and estimated losses at 173,600 ETH and 25.5M USDC. Ronin on Tuesday said an attacker used hacked private keys in order to forge fake withdrawals from the Ronin bridge across two transactions, and pegged losses at a significant amount. The investigation is ongoing to determine the full extent of the damage and recover the stolen funds.
Continuing Coverage
Stay tuned for further updates on the Binance suspension and the ongoing investigation into the Ronin Network security breach. We will continue to provide the latest information as it becomes available.