This post was originally made on 30 March 2022
web3 (with a lowercase “w” of course) and its use of blockchain for better cybersecurity seems like a good idea. However here is another “profitable” cyber-attack on the technology – exploiting the processes to get into the secure systems.
Ethereum sidechain Ronin that powers play-to-earn game is fleeced for over $600m | ZDNet
More than $625 million stolen in DeFi hack of Ronin Network – The Record by Recorded Future
Ronin Network: What a $600m hack says about the state of crypto – BBC News
UPDATE 8 April 2022
Ronin Network bailed out – FOLLOW UP – Smart Thinking Solutions
