Axie Infinity’s Ronin Bridge Set to Re-open on June 28

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Axie Infinity’s sidechain Ronin Bridge is set to re-open on June 28, 2022, the blockchain game’s developer announced.

It is remembered that the operations of Ronin Bridge and decentralized exchange Katana have been halted late at night on March 29 after suffering an exploit for 173,600 Ethereum (ETH) and 25.5 million USD Coin (USDC) which are worth a combined $625 million.

Sky Mavis then announced that the Ronin Bridge is set to be “redesigned” and underwent a security upgrade and several audits.

“In order to become the gold standard when it comes to security, we are in the process of a second external audit led by Certik. This audit is expected to take 15 days. If that audit comes back clean, we will be able to reopen the bridge in the middle of June,” Sky Mavis announced before May ended.

According to the community announcement of Sky Mavis, the re-opening will require all validators to update their software, but validators have been informed regarding next steps to upgrade their validating node.

Last April, it named the five new validators of Ronin Bridge, namely: Delphi, Animoca Brands, Dialectic, Nansen, and Stable Node.

Where according to Sky Mavis, the addition of these validators will “further secure the transactions of their community members.”

Meanwhile, for non-validators, Sky Mavis gave some instructions to follow:

Ronin Network is an Ethereum-linked sidechain created to be used for the play-to-earn game Axie Infinity.

The bridge connecting the network to the Ethereum Mainnet is the Ronin Bridge. So, to be able to transfer Axie Infinity’s assets like SLP and AXS and other assets like ETH from Ronin to Metamask, or from Metamask to Ronin, Ronin Bridge should be used. [Learn more about Crypto Bridges here.]

This article is published on BitPinas: Axie Infinity’s Ronin Bridge Set to Re-open on June 28

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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