- Apr 2, 2010
- Reaction score
Axie Infinity (Ronin) is a sidechain of ethereum with it's own 'proof of stake' consensus system which got exploited by assuming the 'validators' identities. Didn't notice the hack for 6 days. Back in August, Polygon, another sidechain of ethereum with it's own 'proof of stake' consensus system also got hacked for $600 mil. Seeing a pattern yet? If you scale 'on chain' and stick with POW concensus (like BSV), this doesn't happen.
The latest crypto hack has targeted a gaming-focused blockchain network that supports the popular video game Axie Infinity. Hackers made off with about $625 million worth of Ethereum and USDC, two cryptocurrencies, in one of the largest crypto hacks of all time.
An unidentified hacker has stolen more than $600 million worth of cryptocurrency from Poly Network, a decentralized finance (DeFi) platform based in China.