coin-img-HYPEHYPE-2.01%coin-img-BTCBTC+1.11%coin-img-ETHETH+0.65%coin-img-SOLSOL+0.47%coin-img-USDCUSDC-0.07%coin-img-XRPXRP+0.11%coin-img-TRXTRX-7.32%coin-img-GRAMTONGRAMTON+3.33%coin-img-HYPEHYPE-2.01%coin-img-BTCBTC+1.11%coin-img-ETHETH+0.65%coin-img-SOLSOL+0.47%coin-img-USDCUSDC-0.07%coin-img-XRPXRP+0.11%coin-img-TRXTRX-7.32%coin-img-GRAMTONGRAMTON+3.33%coin-img-HYPEHYPE-2.01%coin-img-BTCBTC+1.11%coin-img-ETHETH+0.65%coin-img-SOLSOL+0.47%coin-img-USDCUSDC-0.07%coin-img-XRPXRP+0.11%coin-img-TRXTRX-7.32%coin-img-GRAMTONGRAMTON+3.33%coin-img-HYPEHYPE-2.01%coin-img-BTCBTC+1.11%coin-img-ETHETH+0.65%coin-img-SOLSOL+0.47%coin-img-USDCUSDC-0.07%coin-img-XRPXRP+0.11%coin-img-TRXTRX-7.32%coin-img-GRAMTONGRAMTON+3.33%
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TechCrunch

Axie Infinity's Ronin network suffers ≈$625M exploit in largest DeFi hack to date | TechCrunch

AI Market Summary
The Ronin bridge exploit is the largest DeFi hack to date, draining roughly 173,600 ETH and 25.5 million USDC. It directly damages confidence in Ronin and Axie-linked assets, raises bridge-security concerns across DeFi, and likely prompts short-term risk aversion, regulatory scrutiny, and tighter due diligence on cross-chain infrastructure.
Impact level
● High
Affected assets
RON/USDT+0.92%
AI Insight · RON/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
The play-to-earn title's Ethereum-linked Ronin sidechain was exploited for 173,600 ether, or about $597 million, and $25.5 million worth of the stablecoin USDC.
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