Ronin Network to Increase Validator Nodes to 21, Introduce $1M Bug Bounty and Audits to Prevent the Next DeFi Hack

Summary: The Ronin Network team has published a postmortem report on the exploit that happened on March 23rd The report explains that a Sky Mavis employees are under constant advanced spear-phishing attacks on various social networks One employee was compromised, leading to access to 4 of Sky Mavis’ validator nodes Moving forward, Sky Mavis plans to work with top tier security networks, increasing validator nodes to 21 and eventually 100, implement stricter internal procedures, conduct regular audits, create a zero-trust […]