Ronin Network uses a group of 9 validator nodes for transaction approval on the bridge. A deposit or withdrawal requires slotgallery.ca approval by a minimum of 5 of these nodes. The attacker gained access to Sky Mavis’s computer, who is the creator of the blockchain NFT game Axie Infinity, by offering a job using a malicious PDF (i.e. a phishing attack). As a result, the attacker had the power to produce valid signatures for 5 out of the 9 Ronin Network validators. For externally verified systems, it is easy to add delay and off-chain verification but not necessarily required for the bridge.
These bridges are connecting a lot of new L1 chains, L2 scaling solutions, each having different technologies on top of the bridges themselves having new technologies. Different bridges continue to try different ways to interoperate and naturally things are going to break down as we experiment on various models. However as time goes on, we will figure out which design patterns are more secure, technology will get more proven and this problem will be solved to a large extent.
What works best for one person might not be ideal for you, so it’s important to consider your needs carefully. The best advice is to read through the details of each bridge and think about what matters most to you before making a decision. This contract is deployed on L1 and there is also one deployed on every L2 network. It communicates closely with an exit root manager contract specific to L1 or L2.
1 Reasons why bridges get hacked
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