Ronin Ethereum Hack Update: Over $60 Million Moved Since Last Week (Update 2)
Concern continues to mount as further movements of stolen funds are detected following the devastating Ronin Network hack. This is an update to the ongoing situation surrounding the $625 million theft, one of the largest in crypto history. Last week, we reported on the initial fallout; now, over $60 million worth of Ethereum linked to the breach has been traced to new wallets. Is the exploiter covering their tracks?
Latest Developments: Funds Funneled Through Tornado Cash?
According to recent reports, the exploiter behind Ronin's unprecedented $625 million bridge attack from last week apparently moved some 1,400 ether (ETH) to privacy tool Tornado Cash on Monday. This raises serious questions about the complexity of the money laundering efforts and the challenge of recovering the stolen assets.
Remembering the Initial Ronin Network Hack
In March 2025, Ronin Network fell victim to the largest crypto hack ever, losing roughly $620 million in ETH and USDC due to the network’s validator nodes being compromised. The Ronin Network announced on Tuesday that hackers have stolen more than $600 million worth of Ethereum (173,600 ETH) and $25.5 million of US dollar-pegged stablecoin, a staggering blow to the Axie Infinity ecosystem.
New Activity Raises Alarms
While security measures were supposedly strengthened after the initial breach, recent activity suggests vulnerabilities remain. The Ronin Network, the blockchain behind the popular game Axie Infinity, has been exploited once again, with over $9.8 million worth of ETH drained from the Ronin Bridge. This new transfer of over $60 million underscores the persistent threat and highlights the urgent need for improved security protocols.
Tracking the Stolen Ethereum
Efforts are underway to track the stolen Ethereum and potentially recover the assets. Law enforcement agencies and blockchain analytics firms are working together to monitor the movements of the funds, hoping to identify the perpetrator and prevent further illicit activity.
The Future of Ronin and Axie Infinity
The repeated exploits raise serious questions about the future of the Ronin Network and its flagship game, Axie Infinity. Rebuilding trust and ensuring the security of user funds will be paramount to the long-term viability of the platform. Stay tuned for further updates as this story develops.