What is the biggest crypto hack of all time?

Hackers made off with about $625 million worth of Ethereum and USDC, two cryptocurrencies, in one of the largest crypto hacks of all time. The hackers breached the Ronin Network, an independent and Ethereum-compatible blockchain developed by Axie Infinity publisher Sky Mavis.

Did a hacker hack Ronin network?

Hackers allegedly breached gaming-focused blockchain platform Ronin Network last week and extracted cryptocurrencies now valued at more than $600 million, the company announced on Tuesday, marking the second-biggest hack ever in the burgeoning cryptocurrency space.

What is a crypto account?

Adam Levitin covered this at the time for CreditSlips: . . . if you have a crypto account with an exchange, it would seem to be an “account” at a “financial institution” that is primarily for personal, family, or household purposes and is used for electronic transfers of “funds.”

Did a hacker steal $600 million from a decentralized Finance Network?

Last year, an anonymous hacker stole roughly $600 million in cryptocurrency from Poly Network, a decentralized finance network, in what was called the largest crypto heist in history. The hacker later gave it back.