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In this Decyphered episode, discover how the Ronin Network faced two major DeFi hacks, losing millions due to security flaws in their protocol. 📣 Have you heard about these two incidents? Let us know in the replies! 💬 Stay on top of the latest in crypto, DeFi, and blockchain security - subscribe to ➡️ 👊 @halborn 👊 ----------------------------------------- Connect with Halborn! ----------------------------------------- Follow us on X ➡︎ https://x.com/HalbornSecurity Follow us on LinkedIn ➡︎ / halborn 🛡️ Secure your project with Halborn! ➡︎ https://www.halborn.com/contact ----------------------------------------- Learn more about Halborn ----------------------------------------- Halborn is an elite cybersecurity firm for blockchain companies. We are a team of the most driven ethical hackers, blockchain specialists, and DevOps professionals to secure your stack end-to-end. Far beyond smart contracts. 🤝 👥 Who we are ➡︎ https://www.halborn.com/about/who-we-are 📑 Our case studies ➡︎ https://www.halborn.com/case-studies 🔍 Our cybersecurity reports ➡︎ https://www.halborn.com/reports 🎓 Our educational blogs ➡︎ https://www.halborn.com/blog The Ronin Network is famous for being the victim of the most expensive DeFi hack in history. In 2022, an attacker exploited poor private key security to approve a malicious transaction that stole $624 million from the cross-chain bridge. In August 2024, Ronin was the victim of another, less expensive hack. Due to a smart contract vulnerability introduced by a contract upgrade, the protocol lost $12 million. #blockchain #web3 #cryptocurrency #cybersecurity #hacking #blockchainsecurity