What a $600 million hack reveals about the status of crypto, as per Ronin Network

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Thousands, if not millions, of people, could have lost funds as a result of the world’s second-largest crypto breach. Ronin Network, which powers the famous mobile game Axie Infinity, has had $615 million (£467 million) stolen from it.Dan Rean, a 20-year-old from Wiltshire, is among those affected. He said to the BBC: “I have lost 0.15 Ethereum, about $500. It’s bad but I have friends in a worse position.””I’m down about $10,000,” said Jack Kenny, one of their friends.”I don’t think people fully understand the significance of this hack – $600m is a very big portion of all the assets in this network.” the 23-year-old from Ireland stated.Another person from the east coast of the United States claims to have lost $8,000 but adds that others may have lost their “life savings” after saving virtual coins from Axie Infinity.Players earn crypto by fighting cartoon pets known as Axies in the game.Millions of players around the world play the game in an attempt to win cryptocurrencies and colle

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