Axie Infinity’s Ronin Ethereum bridge to restart next week

Three months after it suffered a $600 million hack, Ronin, an Ethereum-linked sidechain that hosts the Axie Infinity play-to-earn game, plans to reopen its bridge next week.

The Ronin development team, funded by Axie Infinity creator Sky Mavis, confirmed in a Twitter post yesterday the bridge will restart on June 28.

The development team had earlier scheduled the bridge to restart this Thursday, but it got slightly delayed.

On March 23, hackers later identified as the North Korean group Lazarus, took control over five out of the nine validator nodes on Ronin, allowing them to steal 173,600 ETH and 25.5 million USDC from the bridge.

These funds were worth more than $600 million at the time, making it one of the largest crypto hacks to date.

The team had to freeze the exploited bridge and halt Katana, a decentralized exchange on the sidechain.

The team has promised to reimburse those affected by the exploit.

In April, the game’s creator Sky Mavis raised $150 million from investors, including crypto exchange Binance and venture capital firms Andreessen Horowitz and Paradigm to help reimburse affected users.

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