Ubisoft Ventures into Arbitrum as Ronin Sidechain Faces Major Exploit

Ubisoft, the renowned publisher behind Assassin’s Creed and Just Dance, has revealed its next significant foray into the crypto gaming world. The company announced it is developing Captain Laserhawk: The G.A.M.E. on the Ethereum layer-2 network, Arbitrum. Described as a "transmedia experience," the game is set within the same universe as the Netflix animated series Captain Laserhawk: A Blood Dragon Remix. Ubisoft hints that this project will feature characters from their other franchises, including Rayman and Beyond Good & Evil.

Ronin Sidechain Exploit

In a concerning development, the Ethereum-to-Ronin bridge, a key infrastructure supporting the Ronin sidechain, was temporarily halted following a security breach. Ethical hackers uncovered a vulnerability on Tuesday, which they exploited to the tune of $12 million—$10 million in Ethereum and $2 million in USDC. Thankfully, the hackers returned the assets, and Ronin's co-founder, Aleksander Larsen, reassured users that while the bridge secures over $850 million, it will remain offline until further audits confirm its security.

Toncoin's Binance Listing

Toncoin (TON), the native currency of The Open Network, has been listed on the Binance exchange. This announcement resulted in an immediate 8.2% increase in Toncoin’s value. The Open Network is notable for hosting several popular Telegram mini-apps within the crypto gaming community. These include tap-to-earn games like Notcoin, Hamster Kombat, and PixelTap, where players can earn virtual currency that could potentially be part of future airdrops.

Summary

Ubisoft continues to push into crypto gaming on Arbitrum, while Ronin addresses a $12 million exploit. Meanwhile, Toncoin sees a spike in value following its Binance listing.