Ronin Network Reclaims $12 Million in Stolen Digital Assets

Quick Summary:

Ronin Network stated that digital assets worth $12 million, siphoned by so-called white hat hackers on August 6, were returned in full the same day.

The bridge limit serves as a critical safeguard to increase the security of large fund withdrawals, and it effectively prevented further damage in this exploit,” the team said.

The team also assured users that their funds were “safe and any shortfalls will be re-deposited into the bridge when it opens up.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: News Ronin Network Reclaims Stolen Digital Assets Latest News $12 Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 15:48:45 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21988501

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Official Website: bitcoinworld.co.in

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News Last Updated: 11 hours ago

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