Ronin, the recently hacked Axie Infinity bridge expands the number of validators to 17 to increase security

Following the largest hack ever on March 23rd of this year, in which approximately $620 million in cryptocurrency was stolen at the time, Axie Infinity's play-for-earn (P2E) sidechain Ronin continues to take measures to increase the security of the bridge .

Ronin increases security

This time, Ronin has added three new validators to the network, bringing the total to 17. According to Sky Mavis, the company behind the Ronin and Axie Infinity bridge, the recent addition is the next step in their original goal of reaching 21 validators. The new validators are Efficient Frontier, Community Gaming and Nansen.ai.

As Sky Mavis points out, network validators have an important duty to ensure that all transactions on the network are processed correctly. In addition, they act as ecosystem supporters and their ratings are based on their contribution to the ecosystem.

„Nynější validátoři byly vybrány tak, aby zajistily, že Ronin bude mít aktivní, citlivé a bezpečné validátory podporující síť jako součást závazku Sky Mavis posílit naši bezpečnost,“ uvedla společnost.

Efficient Frontier

Efficient Frontier (EF) is a digital asset trading company and market maker on centralized and decentralized exchanges.

According to Sky Mavis the EF team has been working with the company since 2020. Its main focus is to create a market for the Ronin network and ensure liquidity for tokens in the ecosystem.

„Jsou tým, který zajistí, že uzel Ronin bude stabilní a bezpečný.“

Community Gaming

Another new validator is Community Gaming, an all-in-one platform that builds the infrastructure to support the growth of the Web 3.0 gaming and esports community.

"Its mission is to enable millions of players to monetize their passion for gaming by providing a platform that gives player teams, game organizers and game developers the tools they need to create, facilitate and participate in esports tournaments and missions."

Nansen.ai

The latest new validator is Nansen.ai, a blockchain analytics platform that combines on-chain data with a database containing millions of wallet data.

According to Nansen, it provides detailed information about Ronin network data.

Ronin Bridge Hack

The Axie Infinity bridge hack, Ronin, took place in March and compromised five of the nine key validator nodes on the sidechan.

To carry out the attack, the hackers used stolen private keys to gain access to the nodes. They then entered fake withdrawals, gaining access to the stolen tokens. The hacker used these keys to steal 173,000 ETH and 25.5 million USDC stablecoins.

Later, Sky Mavis raised funds, such as from Binance, to compensate for the attack. The company also announced that refunds for affected users began on June 28.

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All content in this article is for informational purposes only and does not in any way serve as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.