"Ethical Hackers Steal and Return $12m to Ronin Network"
"Ethical Hackers Steal and Return $12m to Ronin Network"
A popular Ethereum blockchain, which was the victim of the largest ever crypto-heist back in 2022, recently suffered a $12m loss but had the stolen funds returned by ethical hackers. Ronin Network is an Ethereum Virtual Machine (EVM) blockchain designed for game developers and is owned by Vietnamese firm Sky Mavis. Earlier this week, Ronin Network revealed that unauthorized third-party actors withdrew around 4000 Ethereum and two million USD Coin (USDC), a digital stablecoin pegged to the US dollar, a total valued at around $12m.