The Ronin bridge, which <button class="define-target" id="bridge">bridges</button> crypto assets to the Ronin Network used by <i>Axie Infinity</i> and other gaming projects, has once again suffered a breach — though a considerably smaller one than the <a href="https://www.web3isgoinggreat.com/?id=axie-infinity-suffers-625-million-exploit" target="_blank">recordbreaking $625&nbsp;million theft</a> in March 2022. An update to the bridge code introduced a flaw with respect to how transactions were confirmed.<p>Fortunately for the Ronin team, it seems that most of the losses actually went to <button class="define-target" id="whitehat">whitehats</button> and <button class="define-target" id="mev">MEV</button> bots that were frontrunning transactions by would-be exploiters. ETH and USDC priced at around $12&nbsp;million were taken — the maximum amount before triggering a safety feature in the code. Later that day, Ronin announced that the ETH (worth around $10&nbsp;million) had been returned, and that the USDC was in the process of being returned. They also announced that they would reward the whitehats with a $500,000 bug bounty reward.</p><p>The Ronin bridge was taken offline shortly after the flaw was detected, and the team announced it would undergo an audit before being brought back online.</p>

"New Ronin Bridge hack down to dodgy upgrade, team banks on 'white hat' op"

"Ronin Bridge Paused, Restarted After $12M Drained in Whitehat Hack"

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