Reopening of Axie Infinity’s Ronin Bridge and Return of Locked Funds after the March Hack

The reopening of Axie Infinity’s Ronin Bridge follows a major hack in March. The Ethereum (ETH) sidechain Ronin (RON) is used to transfer assets to the chain. The bridge was shut down following the cyber attack on the play-to-earn game Axie Infinity (AXS).

On Thursday, Ronin tweeted that the new and improved bridge would open on June 28th. In addition, the tweet stated that all locked user funds would be returned.

Axie Infinity’s Ronin Bridge

To re-open the bridge, a hard fork will be required, which means that all node operators will need to update their software.

It has already been explained to the network’s validators what they need to do, but non-validator nodes must follow specific instructions, Ronin said.

The latest Ronin update came after the team announced on Tuesday that the redesigned bridge had passed an audit by the crypto security firm Certik.

In a statement, the Certik team wrote, “We are pleased to report that the Certik audit returned with minor recommendations, and we have already begun implementing Certik’s improvement suggestions.”

Delays in the bridge’s reopening have been numerous. The bridge was originally scheduled to open in April but was pushed back until late May.

The hacking incident earlier this year that prompted the Ronin team to take the bridge down was one of the largest to have hit any crypto project to date. ‘ An estimated $500 million worth of Ethereum and USDC tokens were stolen by the attackers, according to market prices at the time.

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