Ronin Network has offered a new update after a devastating $625 million hack 🚨
The Ronin Network is vowing to beef up security after it fell victim to the biggest crypto hack on record.
Before the attack took place, the Ronin blockchain consisted of nine validator nodes — and signatures from five of them were needed to initiate a deposit or withdrawal. The hackers managed to gain control through social engineering attacks. "We are inspecting every area of security, including our internal procedures. We are putting a strong emphasis on security for all employees which includes more robust training courses to combat external threats and the use of work-only devices to further mitigate risks."
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