Axie Infinity's Ethereum sidechain Ronin hit by $600 million exploit

Quick Take

  • Ronin, an Ethereum sidechain built to support the play-to-earn game Axie Infinity, has suffered an exploit, developers said Tuesday.
  • 173,600 ETH (worth roughly $590 million) and 25.5 million worth of the stablecoin USDC were lost. 

Ronin, the blockchain