- In March, hackers were able to siphon 173,600 ether (ETH) and $25.5 million in USDC out of the Ronin bridge after exploiting a validator node vulnerability. Due to the dwindling price of ether since the hack, around $216.5 million is expected to be returned to users.
- The hack has since been linked to North Korean hacking group "Lazarus" by the FBI.
- "The bridge will be refilled with the outstanding user-owned ETH and USDC," Sky Mavis co-founder and Chief Operating Officer Aleksander Larsen told CoinDesk. "Everything is on schedule and the validators are ready," he added.
- In April, Sky Mavis raised $150 million in a round led by Binance. The firm said that it will use the proceeds to reimburse the hack victims.
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