Krutika Adani
Sky Mavis has recently made another recovery of $5.7 million from the Ronin bridge hack.
The recovery was successful due to Norwegian authorities, who have also frozen another $40 million of stolen funds.
Sky Mavis has recovered most of the funds related to the exploit, which will now flow to its treasury.
The infamous Lazarus Group of North Korea hacked Sky Mavis’s Ronin bridge in 2022, leading to a $624 million loss, the largest DeFi hack so far.
A recent report by Merkle Science highlights that smart contract hacks have reduced. However, there has been a rise in private key-related hacks.