Ronin Network dey face $9.8 million exploit from MEV bot, money fit return
Ronin Network, wey sabi as one wey dey host Axie Infinity, bin get exploit from one MEV bot wey cause dem to lose 3,996 ETH wey worth $9.8 million. Blockchain security company PeckShield suggest say di exploit fit don happen from one white hat hacker to show di security weaknesses wey dey exist. Di suspicious wallet wey dem identify as ‘MEV Bot: 0x4ab’ transfer small amount wey be 3.9 ETH go another wallet wey dem sabi as ‘beaverbuild’. One on-chain message from Axie Infinity talk say di funds fit return. Dis incident dey happen amid di surge of crypto crimes, with $266 million wey dem hack for July alone, wey include one major $230 million breach for di Indian exchange WazirX. Dis event show di growing risks and di need for better security protocols for decentralized networks.
Neutral
Although di exploit cause serious loss, di chance wey money fit return and di involvement of one white hat hacker mean say di market fit see dis event as security wakeup call instead of complete loss. Di overall effect dey neutral as e show say better security protocols dey important no be to cause panic for traders.