Sky Mavis Plans to Become a ‘Zero-Trust Organization’ in the Wake of the $600M Ronin Hack

Following last month’s $600 million attacks on the Ronin network, Sky Mavis, the business behind the play-to-earn game Axie Infinity, said it is working to become a “zero-trust corporation.” This is a security stance in which the team will continuously search for new threats aimed against the game’s author, Sky Mavis. ICYMI: Sky Mavis plans to become a ‘zero-trust organization’ after $600 million Ronin hackhttps://t.co/gvpdlFWH3E — The Block (@TheBlock__) April 28, 2022 The team said, “Our goal is to become a fully antifragile, zero-trust organization. Zero-trust is a framework that assumes that Sky Mavis is always at risk of external and internal threats,” The March 23 incident, during which hackers stole more than 173,600 ether and 25.5 million USDC from its Ethereum-connected bridge, was mentioned in the report. The total loss was over $600 million, making it one of the most significant cryptos attacks ever. The hackers were ultimately identified as the Lazarus Group, a North Korean hacking group. Ronin Will Have a Total of 100 Validator Nodes The Ronin team is now concentrating on revamping its still-closed cross-chain bridge and boosting the number of validators (entities that aid in transaction verification). The sidechain had nine validator nodes at the time of the security attack. Four of the nine validators were taken over by the attackers. They began by stealing four validator keys from Sky Mavis. Another validator, ...