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$625M worth of ETH drained on Axie Infinity's Ronin Network

roninblockchain.substack.com

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Re: $625M worth of ETH drained on Axie Infinity's Ronin Network

#5

This wallet contains the $625M funds in what appears to be the largest crypto defi hack in history. https://etherscan.io/address/0x098b716b8aaf21512996dc57eb061...

Wasn't there another one in the billions a few weeks ago? The guy with the cringe rapper wife?

Re: $625M worth of ETH drained on Axie Infinity's Ronin Network

#6
post #3

> The attacker used hacked private keys Why do people write "hacked" instead of "stolen"? To make it look like robbing them is harder than it actually is?

What meaningful distinction is drawn by using one of these words over the other? "Hacked" typically implies it happened over the net, whereas "stolen" typically implies it physically happened in person. The former is more appropriate here, no?

Re: $625M worth of ETH drained on Axie Infinity's Ronin Network

#7
post #5

This wallet contains the $625M funds in what appears to be the largest crypto defi hack in history. https://etherscan.io/address/0x098b716b8aaf21512996dc57eb061...

Wasn't there another one in the billions a few weeks ago? The guy with the cringe rapper wife?

It ended up being worth billions, but at the time of the back years ago, Bitcoin was much less valuable than it is now.

Re: $625M worth of ETH drained on Axie Infinity's Ronin Network

#8
post #5

This wallet contains the $625M funds in what appears to be the largest crypto defi hack in history. https://etherscan.io/address/0x098b716b8aaf21512996dc57eb061...

Wasn't there another one in the billions a few weeks ago? The guy with the cringe rapper wife?

That wasn't defi. That was a more traditional exchange hack.

Re: $625M worth of ETH drained on Axie Infinity's Ronin Network

#9
post #5

This wallet contains the $625M funds in what appears to be the largest crypto defi hack in history. https://etherscan.io/address/0x098b716b8aaf21512996dc57eb061...

Wasn't there another one in the billions a few weeks ago? The guy with the cringe rapper wife?

The amount that was stolen in that case is worth billions now, but at the time of the theft it was only a couple million. It has since increased in value which led to the “billions” headlines.

Re: $625M worth of ETH drained on Axie Infinity's Ronin Network

#10
post #3

> The attacker used hacked private keys Why do people write "hacked" instead of "stolen"? To make it look like robbing them is harder than it actually is?

"Hacked" makes it sound like they had security measures against theft.

I wonder how good their security was? (Also, could an insider have done it.)

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