Ronin Bridge Temporarily Suspended Due to Investigation into Potential MEV Vulnerability
Publication Time:2024-08-06 18:51:07
Cointelegraph reports that Psycheout, the COO of Ronin, announced in an official statement that they are investigating a potential MEV vulnerability raised by a white hat hacker. As a precautionary measure, the Ronin bridge service has been temporarily shut down. The company promises to provide updates as soon as possible and stresses that the current bridging system can ensure the safety of over $850 million in funds. MEV refers to the act of obtaining additional benefits by manipulating transaction sequences and execution times within blockchain transactions. In this incident, the Ronin team has taken proactive measures to protect user assets from potential risks. Despite the temporary suspension of the bridge service, the Ronin team expresses confidence in the system's security and will continue to monitor the progress of the investigation.
Ronin Bridge
white hat hacker
Funds Security
MEV Vulnerability