Ronin Network Recovers $10M ETH After Bridge Exploit, Audit Underway

Ronin Network recovers $10M ETH after a bridge exploit; USDC recovery is expected soon.
Ronin Bridge to undergo a thorough audit and operational restructuring for enhanced security.
Following a potential exploit on the Ronin Bridge, important events have occurred in the Ronin Network. According to a recent release, the network has successfully recovered around $10 million in ETH, with USDC expected to be returned later.
The network thanked the white-hat hackers for their alertness and integrity, and confirmed that these ethical hackers would be awarded a $500K prize under the Bug Bounty Program.
Update:
The ETH (~$10 M) has been returned and we expect that the USDC will be returned later today. We thank the white hats for their vigilance and integrity. The Bug Bounty Program will reward the white hats with a 500 K bounty.
The bridge will undergo an audit before it is…
— Ronin (@Ronin_Network) August 6, 2024

Comprehensive Audit and Operational Overhaul Planned for Ronin Bridge Aft

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