{"id":10909,"date":"2022-03-31T14:55:15","date_gmt":"2022-03-31T14:55:15","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=10909"},"modified":"2022-03-31T14:55:15","modified_gmt":"2022-03-31T14:55:15","slug":"binance-banned-ronin-network-transactions-for-now","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/binance-banned-ronin-network-transactions-for-now\/","title":{"rendered":"Binance banned Ronin Network Transactions for Now"},"content":{"rendered":"<p class=\"p1\">On Tuesday, we came to know about the Ronin Network Attack on Axie Infinity surmounting $625 million in USDC and Tether.<span class=\"Apple-converted-space\">\u00a0 <\/span>Due to this reason, Binance has suspended all activities related to this network. This attack can cause significant damage to the history of DeFi transactions.<\/p>\n<p><a href=\"https:\/\/shop.ledger.com\/pages\/back-to-school?r=3ed9810a0800\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.ledgerwallet.com\/images\/promo\/banners\/ledger_banner_8-5-0x4-2-0.jpg\" alt=\"Back to school - Get 20% Off\" width=\"850\" height=\"420\" \/><\/a><\/p>\n<p class=\"p1\">Binance officials say that the attackers used private keys to fake withdrawals, the magnitude of which is huge (173,600 ETH and 25.5 million). The team is further looking into the operation and checking for unusual activities.<\/p>\n<p class=\"p1\">Users cannot perform any transaction on the Ronin Network, Ethereum network, and cannot convert wETH to ETH. But the organization will soon resume its operations once the dust settles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, we came to know about the Ronin Network Attack on Axie Infinity surmounting $625 million in USDC and Tether.\u00a0 Due to this reason, Binance has suspended all activities related to this network. This attack can cause significant damage to the history of DeFi transactions. Binance officials say that the attackers used private keys &hellip;<\/p>\n","protected":false},"author":1,"featured_media":10908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[15],"tags":[160,982,979,978,149,980,139,134,140,136,981,983],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance banned Ronin Network Transactions for Now<\/title>\n<meta name=\"description\" content=\"On Tuesday, we came to know about the Ronin Network Attack on Axie Infinity surmounting $625 million in USDC and Tether. 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