Ronin returns to work after months of downtime
Hacked bridge to be re-launched on 28 June
All blocked user funds are promised to be returned
As a reminder, the Ethereum Sadchain called Ronin was attacked by hackers in March this year. The damage exceeded $625 million. Now, three months later, the platform is back up and running. In doing so, the administration promises to return all blocked funds.
This was announced by Ronin Network on its official Twitter page on Thursday, June 23. The scheduled launch date for the platform is June 28. The company added that operators should update the software as a hard fork was used to relaunch the crosschain.
Our engineering team has been hard at work preparing for the Bridge to re-open. Things are progressing nicely and we have some more information to share with you
- Ronin (@Ronin_Network) June 23, 2022
Network validators have already been informed of the changes. There are instructions for everyone else, which can be found on the official website.
The news about the bridge relaunch came shortly after Certik completed its audit of Ronin. The company found the network to be stable, but also provided a number of recommendations to improve the platform’s security.
Even now that cryptocurrencies have fallen in value, the incident in March remains one of the largest hacks in the cryptocurrency community ever. In doing so, the hackers managed to withdraw the stolen funds through a mixer.
