Binance restores deposits and withdrawals on Ronin Network
Cryptocurrency exchange Binance today announced that deposits and withdrawals on Ronin Network have fully resumed.
Binance issued the following notice:
Deposits and withdrawals on the Ronin (RON) network have been fully resumed. Deposits and withdrawals for Wrapped Ether (WETH) on the Ethereum network and the convert function from WETH to ETH are also reopened”.
On March 30, 2022, Binance said that, following a security breach that occurred on the Ronin (RON) network, the Binance investigations team is supporting the Axie Infinity team with tracking transactions related to its network bridge, in a bid to identify the hacker.
All deposits and withdrawals on the Ronin (RON) network had been suspended since March 29, 2022 while Binance supports the Axie Infinity team and law enforcement in investigating this issue. Potential hacker addresses were also blocked, with a dedicated monitoring team in place to watch for any unusual transactions.
In addition, Binance had also paused withdrawals of Wrapped Ether (WETH) on the Ethereum network, and the convert function from WETH to ETH.