In March 2022, the Ronin network suffered a massive hack, losing over $600 million. Recently, Norwegian authorities recovered $5.7 million of the stolen funds, with 85% going back to Axie Infinity's treasury to support the game. An additional $40 million in stolen assets have been frozen. This recovery effort was supported by the FBI and blockchain security firms. The incident highlights a decrease in smart contract hacks but an increase in private key hacks.