If the exploit occurred due to a white hat hacker, the funds could soon be returned to the blockchain.
Ronin Network has lost $9.8 million worth of Ether in a potential exploit, adding to the rising number of cryptocurrency hacks in 2024.
The network, one of the most popular gaming blockchains, lost 3,996 Ether (ETH) tokens worth over $9.8 million.
However, the exploit may originate from a white hat hacker, or ethical hacker who is performing exploits to find the vulnerabilities in a crypto protocol, according to an Aug. 6 X post by PeckShield.
