Ronin Bridge, a blockchain service that allows users to transfer funds between accounts in the Axie Infinity game, suffered a $625 million theft in March.

Ronin Bridge, a blockchain service that allows users to transfer funds between accounts in the Axie Infinity game, suffered a $625 million theft in March. After months of hard work, the development team Sky Mavis finally announced recently that Ronin Bridge has been re-launched, and players can now continue to use the service for "deposits and withdrawals."

(Via: Ronin's Newsletter) The

attack went unnoticed for six days, until users encountered difficulties when trying to withdraw their funds. And while the Ronin Bridge service is closed, Sky Mavis is also working to strengthen its safety protocols and recover funds.

’s subsequent investigation revealed that a Sky Mavis employee was phished. The company has terminated the labor relationship with it, but it still lacks a tracking system to monitor large-scale capital outflows.

The U.S. Treasury Department pointed the finger of this round of hacking attacks at the hacker group Lazarus and imposed sanctions on wallet addresses containing stolen cryptocurrency.

Sky Mavis initially planned to have the Ronin Bridge back in service by the end of April, but later decided there was no rush to ensure the safety of billions of dollars in assets.

Now, Sky Mavis seems to have fulfilled its promise to compensate players affected by the theft - officials claim that users will get new bridge funds exchanged at a 1:1 ratio, even though the company has yet to recoup a large part of the attack losses.

It can be seen that after raising funds from the founding members of the Sky Mavis team and receiving $150 million in funding from various companies including Binance, Ronin allocated 71,600 ETH (approximately $85.8 million) and $25.5 million in USDC stable coins to repay the debt in full.

But this is not enough to explain the loss of 56,000 wETH (approximately $67.2 million) from the Axie DAO (Decentralized Autonomous Organization), the group responsible for voting on decisions in the Axie community.

Sky Mavis said it is working with law enforcement to recover the funds. If the goal is not achieved within two years, the DAO will initiate a next phase of voting.

In a message on Discord, the developers told players that they are also expected to introduce Land Staking (another game investment reward program) this week, but TheVerge editor Andrew Webster’s review after the trial was not satisfactory.

It is reported that Sky Mavis launched "Axie Infinity: Origin" shortly after the attack. As an updated version that includes free game elements, it is designed to attract new players who have not yet embraced blockchain wallets.

In order to avoid recurrence of theft incidents in the future, Robin Bridge has accepted one internal + two external audits by blockchain security companies Verichains and Certik, and introduced a new "insurance mechanism" to prevent abnormally large withdrawals from suspicious accounts. payment.

However, even if the system backend has become more secure, it is still unclear what substantial impact the relevant changes will have on the gaming experience.