In March, hackers were able to siphon 173,600 ether (ETH) and $25.5 million in USDC out of the Ronin bridge after exploiting a validator node vulnerability. Due to the dwindling price of ether since the hack, around $216.5 million is expected to be returned to users.
The hack has since been linked to North Korean hacking group “Lazarus” by the FBI.
“The bridge will be refilled with the outstanding user-owned ETH and USDC,” Sky Mavis co-founder and Chief Operating Officer Aleksander Larsen told CoinDesk. “Everything is on schedule and the validators are ready,” he added.
In April, Sky Mavis raised $150 million in a round led by Binance. The firm said that it will use the proceeds to reimburse the hack victims.
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