RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Thursday, dropping by 0.72 percent to $46,988.23 as of 8:00 a.m. Riyadh time.
Ether, the second most traded cryptocurrency, was priced at $3,394.41 up by 0.33 percent, according to data from Coindesk.
Ronin’s $615 million crypto heist
Axie Infinity, the popular online game linked to a blockchain project, has been hacked for nearly $615 million in cryptocurrency.
The theft took place on March 23 but was not detected until almost a week later, according to Ronin, a blockchain platform that lets users transfer crypto in and out of games.
During their attack on Ronin’s network, the hacker used stolen passwords – or private keys – to gain access to crypto funds, Ronin said in a blog post, following a series of attacks targeting machines connected to the network that help confirm transactions.
Ronin said the hack was discovered on Tuesday and that it was working with government agencies to bring the criminals to justice”.
Hackers’ identities remain a mystery.