Axie Infinity’s Ronin Network Exploited, $625m In USDC and ETH Stolen

Axie Infinity’s Ronin Sidechain has been exploited, with a yet unidentified threat actor stealing away an estimated $625 million in USDC and ETH. According to a community alert posted by the Ronin Network, the Ronin bridge was exploited for 173,600 Ethereum and 25.5M USDC, or roughly $625 million based on current prices.