Ronin Network hit by $9.85M exploit but RON token surges 11%

Oluwapelumi Adejumo

Ronin Network co-founder Aleksander Larsen announced that the Ethereum sidechain has been temporarily paused to investigate a potential Maximal Extractable Value (MEV) exploit. On Aug. 6, blockchain security firm Cyvers reported that an MEV bot siphoned 4,000 ETH, valued at $9.85 million, from the network. Despite this incident, the network’s native RON token remains unaffected, […]

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Ronin Network hit by $9.85M exploit but RON token surges 11%