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Blockchain company Ronin hit by $615 million crypto heist

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Ronin is used to power the popular Axie Infinity game, which uses non-fungible tokens (NFTs).

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Blockchain company Ronin said on Tuesday that hackers stole cryptocurrency worth almost $615 million

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At current exchange rates, the stolen funds are worth $614 million

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Ronin is used to power the popular Axie Infinity game, which uses non-fungible tokens (NFTs)

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It said in a blog post that the hacker had used stolen private keys – the passwords needed to access crypto funds – to make off with the funds.

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Ronin are working directly with various government agencies to ensure the criminals get brought to justice

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It said, adding that it was discussing with Axie Infinity how to ensure no users' funds were lost

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