Ronin team revealed details of the sidechain restart

The bridge will be opened on June 28, and all funds will be returned to victims of the exploit

24.06.2022 - 15:55

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What’s new? The developers of the Ronin Network sidechain, used by the Axis Infinity blockchain game, said that the bridge is scheduled to resume operation on June 28. Initially, the restart was prepared for June 23, but the team was forced to postpone it. According to the representatives of the project, all users affected by the exploit will be reimbursed.

Our engineering team has been hard at work preparing for the Bridge to re-open. Things are progressing nicely and we have some more information to share with you today: pic.twitter.com/fgFV62G3vd— Ronin (@Ronin_Network) June 23, 2022

What else do the developers say? They noted that restarting the bridge will require a network hardfork, during which validators will have to update their software. The project team is focused on making minor adjustments to improve security.

On March 29, Ronin suffered a hack that led hackers to withdraw more than $625 million in cryptocurrency. The FBI linked the attack to the North Korean hacker group Lazarus. The US Treasury Department put the wallet that held some of the funds from the hack on a sanctions list.

In April, Binance blocked some of the assets that the hackers had sent to the exchange's wallets. Thanks to this, Ronin was able to return $5,8 million.

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