Major smart contract hacks like The DAO, Ronin Network, and Nomad Bridge have cost over $3 billion since 2014. These breaches exposed critical flaws in blockchain security and reshaped how projects build and audit smart contracts.
Ronin Network Hack: What Happened and How It Changed Crypto Security
When the Ronin Network hack, a major security breach targeting a blockchain bridge used by Axie Infinity players to move assets between Ethereum and Ronin. Also known as the $625 million Axie Infinity bridge exploit, it remains one of the largest crypto thefts in history. This wasn’t just a technical glitch—it exposed how fragile cross-chain bridges really are, even when they’re backed by big names and active communities.
The attack happened because the Ronin Network relied on a small group of validators—only nine—to approve transactions. Hackers compromised five of them, giving them full control to mint fake assets and drain over $625 million in ETH and USDC. This isn’t just about stolen money. It’s about trust. Players used Ronin to play Axie Infinity, a game where their NFTs and tokens had real value. When the bridge broke, so did confidence. The Ronin Network hack forced the whole industry to ask: Why do we still trust bridges with so few guardians? And why do so many projects treat security like an afterthought?
After the hack, Sky Mavis—the company behind Axie Infinity—had to raise funds to reimburse users. They also switched to a new, more decentralized validator setup. But the damage was done. The cross-chain bridge attack, a method hackers use to exploit connections between blockchains to steal funds. Also known as bridge exploit, it became a textbook case for every security team in crypto. Suddenly, every project with a bridge had to explain how many validators they had, how they were chosen, and what would happen if one got hacked. The Axie Infinity, a play-to-earn blockchain game built on the Ronin Network that lost millions during the 2022 bridge breach. Also known as Axie, it saw player numbers drop, and many users never came back. The hack didn’t just steal coins—it stole momentum.
What you’ll find below are deep dives into similar attacks, how bridges work, why they’re still used despite the risks, and what you can do to protect yourself when moving assets between chains. Some posts look at the technical side—how validators were compromised, how the hackers moved the funds, and how blockchain analytics traced the theft. Others cover the human side—how users reacted, how exchanges froze withdrawals, and how regulators took notice. There are also guides on safer alternatives to bridges, what to look for in a secure cross-chain solution, and how the industry is trying to fix this problem for good. This isn’t just history. It’s a warning—and a roadmap.