This is Ronin.
They were hacked for $600M in one of the largest crypto heists ever.
But they didn't crumble.
Here's the untold story of how they turned disaster into dominance—and became the leading crypto gaming L2:
They were hacked for $600M in one of the largest crypto heists ever.
But they didn't crumble.
Here's the untold story of how they turned disaster into dominance—and became the leading crypto gaming L2:
2/ The Hack
March 2022: $600M worth of ETH and USDC vanished.
A coordinated attack on the Ronin Bridge exposed vulnerabilities in their validator system. This wasn’t just a big loss—it was the largest crypto hack ever. 💀
March 2022: $600M worth of ETH and USDC vanished.
A coordinated attack on the Ronin Bridge exposed vulnerabilities in their validator system. This wasn’t just a big loss—it was the largest crypto hack ever. 💀
https://twitter.com/realcoreywilton/status/1508832452650840070
3/ The Immediate Response
Sky Mavis, Ronin’s creators, took swift action. They paused the network, worked with law enforcement, and launched a full investigation.
The FBI was even brought in. The pressure was on—would Ronin survive this?
Sky Mavis, Ronin’s creators, took swift action. They paused the network, worked with law enforcement, and launched a full investigation.
The FBI was even brought in. The pressure was on—would Ronin survive this?
4/ Rebuilding Trust
They didn’t just sit back. Sky Mavis upgraded security by increasing the number of validators from 9 to 21, making the network more decentralized and secure.
This was just the beginning of their comeback story.
They didn’t just sit back. Sky Mavis upgraded security by increasing the number of validators from 9 to 21, making the network more decentralized and secure.
This was just the beginning of their comeback story.
5/ $150M Raised for Recovery
The crypto community rallied behind them. Led by Binance, Sky Mavis raised $150M to reimburse users and restore confidence. This was more than just financial support—it was proof that the industry believed in Ronin’s future.
The crypto community rallied behind them. Led by Binance, Sky Mavis raised $150M to reimburse users and restore confidence. This was more than just financial support—it was proof that the industry believed in Ronin’s future.
https://twitter.com/jihoz_axie/status/1765566678832918942
6/ The Comeback
After tightening security, Ronin didn’t just recover—they came back stronger.
Ronin started onboarding new crypto games, providing low fees, fast transactions, and rock-solid security.
What was once only for Axie Infinity became a playground for all of crypto gaming.
After tightening security, Ronin didn’t just recover—they came back stronger.
Ronin started onboarding new crypto games, providing low fees, fast transactions, and rock-solid security.
What was once only for Axie Infinity became a playground for all of crypto gaming.
7/Turning Setback into Strength
The $600M hack? It could’ve been the end. Instead, it fueled Ronin’s growth.
Today, Ronin stands as a leading Layer-2 in Web3 gaming, proving that resilience is key in the crypto space.
The $600M hack? It could’ve been the end. Instead, it fueled Ronin’s growth.
Today, Ronin stands as a leading Layer-2 in Web3 gaming, proving that resilience is key in the crypto space.
8/Lessons Learned
Ronin’s journey is proof that even in crypto’s most volatile moments, the right leadership, community support, and security upgrades can turn disaster into dominance.
If you’re into Web3 gaming, this is the network to watch.
Ronin’s journey is proof that even in crypto’s most volatile moments, the right leadership, community support, and security upgrades can turn disaster into dominance.
If you’re into Web3 gaming, this is the network to watch.
9/ What’s Next for Ronin?
Ronin’s expanding beyond Axie Infinity. They’re becoming the go-to network for new blockchain games, and with their upgrades, they’re ready to lead the next wave of crypto gaming.
Ronin’s expanding beyond Axie Infinity. They’re becoming the go-to network for new blockchain games, and with their upgrades, they’re ready to lead the next wave of crypto gaming.
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