Victims of Axie Infinity hack to be reimbursed with fund led by Binance

Victims of Axie Infinity hack to be reimbursed with fund led by Binance

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Binance announced this Wednesday, April 6, that it is leading a financing round of USD 150 million, as a contribution to the victims of the hack perpetrated on the firm Sky Mavis, the operator of the popular game Axie Infinity. In addition to Binance, the firms Animoca Brands, a16z and Dialectic, among others, participate in the financing round.

As reported by CriptoNoticias, the validator nodes of Ronin Chain were victims of an exploit that caused the loss of 173,000 ethers (ETH) and more than 25 million USDC. The theft happened due to a security breach of the Ethereum sidechain on which Axie Infinity operates.

According to a report Reuters, Sky Mavis said it will refund the money to affected players through own funds and the 150 million dollars contributed by a group of investors led by Binance.

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“Sky Mavis is committed to reimbursing lost funds to our users and implementing rigorous internal security measures to prevent future attacks,” said Trung Nguyen, CEO of Sky Mavis.

Axies Infinity transactions.
Hackers sent a series of transactions with money stolen from Axie users to his address. Source: Muycomputer.com.

On the other hand, the CEO of Binance, Changpeng Zhao, pointed out the following: “We strongly believe that Sky Mavis will bring a significant amount of value and growth to the entire industry, and we believe that it is necessary to support it while they continue to work hard to resolve this issue. incident”.

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Victims of Axie Infinity hack to be reimbursed with fund led by Binance

On April 2, Binance announced that deposits and withdrawals between that exchange and the Ronin network had been enabled, as reported by CriptoNoticias. In this way, the Axie Infinity community gradually returns to normal, while users wait for the lost money to return to their wallets.

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