Accel<\/strong>.<\/p>\n“We strongly believe Sky Mavis will bring a lot of value and growth for the larger industry and we believe it\u2019s necessary to support them as they work hard to resolve the recent incident,” Binance CEO Changpeng Zhao said.<\/p>\n
On March 23, hackers stole ETH 173,600 (worth USD 550m at the time of the heist) and USDC 25.5m after compromising five out of Ronin\u2019s nine validator nodes.<\/p>\n
In the announcement, Binance called the small number of validators the root cause of Ronin’s breach and said Sky Mavis will onboard up to 21 validators within the next three months.<\/p>\n
“Sky Mavis is committed to reimbursing all of our users’ funds and implementing rigorous internal security measures to prevent future attacks,” Sky Mavis’ Nguyen said. “With Binance supporting us, we will be able to expand the validator set from five to 21 on an expedited timeline.”<\/p>\n
____<\/p>\n
<\/strong>
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