Ethereum sidechain Ronin that powers play-to-earn game is fleeced for over $600m

In a shock to absolutely no one paying attention to the so-called Web3 space, the touted security of blockchain-driven solutions might not be all it is cracked up to be.

The latest victim comes by way of Ronin, which detailed that 173,600 in Ethereum (ETH) and 25.5 million in USD coin had departed its clutches across a pair of transactions that occurred a week ago.

The Ronin Network said it only found out when a user on Tuesday wanted to withdraw 5,000 ETH but was unable to.

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Source: ZDNet