A blockchain linked to Binance, the world's largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto ...

Ronin is a Proof-of-Authority blockchain, which means control over the network is given to hand-picked validators. At the time of the hack, Axie Infinity had nine validators.

Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time.