Ronin Network hacked, $12 million returned by "white hat" hackers

Ronin Network's bridge experienced an exploit after a governance-deployed update introduced a flaw that misinterpreted validator vote thresholds, allowing white-hat actors to withdraw 4,000 ETH and 2 million USDC (~$12M); the funds were returned, the bridge was paused for checks, a $500,000 bounty was awarded, and Ronin plans an audited fix and a new validator-based solution (the network had previously suffered a $625M breach in March 2022).