Ethereum

Ronin

Million

when

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/hackers-steal-10-million-from-ronin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Hackers Steal $10 Million from Ronin</a><br></p>
<p style="text-align: justify">The cryptocurrency community is reeling after hackers pilfered $10 million worth of Ethereum from Ronin Bridge. According to PeckSheldAlert, the attackers managed to swipe approximately 4,000 ETH, causing a significant uproar among Ronin users. The latest breach has once again cast a harsh spotlight on the security weaknesses in the crypto sphere.</p>
<h2 id="historical-ronin-breaches">Historical Ronin Breaches</h2>
<p style="text-align: justify">This isn’t the first time Ronin has faced security issues. In February 2024, the wallet of Axie/Ronin’s co-founder was compromised, resulting in a $9.7 million cryptocurrency loss. However, the most devastating attack occurred on March 29, 2022, when hackers infiltrated a validator node, absconding with 173,600 ETH and 25.5 million USDC, tallying up to $615 million. These incidents highlight the ongoing vulnerabilities within blockchain projects.</p>
<h2 id="community-fallout-and-response">Community Fallout and Response</h2>
<p style="text-align: justify">In the wake of the recent heist, many community members have reported being unable to access or liquidate their assets, inciting widespread panic. The Ronin team has responded quickly, halting their services temporarily to safeguard user interests and mitigate further damage.</p>
<h2 id="key-takeaways-for-users">Key Takeaways for Users</h2>
<p style="text-align: justify">Here are some actionable points for cryptocurrency users in light of the Ronin Bridge hack:</p>
<ul>
 <li>Regularly update and strengthen your <a href="https://newslinker.co/what-are-the-5-types-of-cyber-security/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">security protocols</a>.</li>
 <li>Use multi-factor authentication for all crypto-related accounts.</li>
 <li>Keep a portion of your assets in cold storage for added security.</li>
 <li>Stay informed about the latest security threats and updates from trusted sources.</li>
 <li>Consider diversifying your holdings to mitigate risk.</li>
</ul>
<p style="text-align: justify">By following these steps, users can better protect themselves from potential security breaches.</p>
<p style="text-align: justify">In conclusion, the recent Ronin Bridge hack serves as a stark reminder of the perils that abound in the cryptocurrency world. Despite immediate actions taken by the Ronin team, the incident underscores the need for heightened security measures and vigilance among all crypto users.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/hackers-steal-10-million-from-ronin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Hackers Steal $10 Million from Ronin</a></h5>

Hackers Steal $10 Million from Ronin

Table of Contents

BH NEWS

Other articles published on Aug 6, 2024

Weekly Market Review: WIF, ENS, RUNE, AR, PEPE

Cryptocurrency Prices Surge: Bitcoin- Ethereum and Others Recover

Elon Musk Declares War On GARM Amid X and Rumble Ad Boycott

New Dogecoin (DOGE) Rival Positioned To Create Millionaires In 2024, DOGE Investors Pump Mpeppe (...

Circle to Freeze USDC on Flow Amid Network Upgrade; Jump Crypto Moves $136M in ETH

Valour to launch digital asset ETPs in Kenya

Join our free newsletter for daily crypto updates!