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The Ronin bridge tied to Axie Infinity is back up with a new design after Sky Mavis introduced a circuit breaker system and daily withdrawal limits.

After being offline for almost three months, Ronin Bridge is going live again with more security, Axie Infinity announced. The post Finally, Axie Infinity's Ronin Bridge reopens appeared first on CryptoSlate.

Axie Infinity (CRYPTO: AXS) has announced its Ronin Bridge will be restarting three months after an exploit of $625 million. What Happened: On Tuesday, June 28, Axie Infinity's Ronin Bridge was restarted following external audits and internal audits.

The Ronin bridge is back online more than three months after attackers completed one of the largest DeFi heists to date.

After a $600 million exploit in March, the added changes include 1:1 backing and a system to halt suspiciously large withdrawals. The post Axie Infinity's Ronin Ethereum bridge officially reopens following hack appeared first on The Block.

The company behind the popular non-fungible token (NFT) game Axie Infinity, Sky Mavis, celebrated the re-launch of its Ronin Bridge. This cross-chain platform powers the game and allows users to deposit, stake, withdraw, and access other features.

Axie Infinity has finally reopened Ronin Bridge after closing it for many months.

The bridge has undergone an internal audit and two external audits, developers said.

Popular P2E game starts recovering $625 million losses from hack

Non-fungible tokens (NFTs) are an interesting investment option for crypto investors. These assets provide a way for investors to make returns at a low entry [.

In March, Sky Mavis Inc. the developer of Axie Infinity, the popular play-to-earn blockchain gaming platform, was hacked. This hack led to the loss of over $600 million.

Axie Infinity, over the last 24 hours, was one of the best-performing assets not just in GameFi or DeFi but amongst every major cryptocurrency. With the overall growth observed over the week, AXS was successful in invalidating some of the bigger losses this month.

Sky Mavis, the parent company of Axie Infinity, expects to reimburse hack victims on June 28th. The Ronin Network bridge is also expected to reopen on the same day.

Once the bridge reopens on June 28, users will be able to withdraw one ETH for each one they possessed before the attack.

For nearly two months, the Axie Infinity(AXS) price resonated inside a falling wedge pattern. However, the altcoin recently rebounded from the $12.3 support pump by 34.3% and poked the nearest resistance of $17.6.

Axie Infinity to restart the bridge from June 28.

Months after the exploit that led to the theft of over $600 million, Axie Infinity developers Sky Mavis will finally reimburse users and restart the Ronin bridge exploited in the attack, Bloomberg reported. The post Axie Infinity to start reimbursing Ronin bridge hack victims from June 28 appeared first on CryptoSlate.

A total of $216.5 million in USDC and ethereum at today's prices will be returned to users.

Axie Infinity's Ronin sidechain is expected to be relaunched next week after the $552 million exploit, 'with all user funds returned.'

AXS/USD rose to the top of the crypto daily mover list. This crypto moved roughly 14% up in price.

A hack in March caused Sky Mavis Inc., the developer of the play-to-earn computer game Axie Infinity (AXS), to lose.

The price of Axie Infinity (AXS) surged on Friday, June 24, and rose to hit a high of $17.46 down from trading at about $14.5. Although the general crypto market is currently experiencing some form of a comeback with the global crypto market cap rising by about 3% to $942.35B at the time of writing. […] The post Axie Infinity (AXS) surges 17% because of this development appeared first on Invezz.

Ronin Network, the Ethereum-based sidechain created by Axie Infinity developers, has announced that it will reopen its bridge to aid users with the ease of moving their assets across the Ethereum network. Ronin Network Reopens Bridge In a tweet thread, Ronin's developers noted that the reopening of the bridge, which will occur on June 28th, will pave the way for users to access their funds once again since the closure of the bridge.

Sky Mavis, the developer of the play-to-earn game Axie Infinity, has announced it will reimburse victims of the Ronin bridge hack and relaunch the bridge next week. The post Axie Infinity Developer to Reimburse Ronin Hack Victims appeared first on BeInCrypto.