Sky Mavis said it would reimburse the lost money through a combination of its own funds and $150 million raised by investors including crypto exchange Binance and venture capital firm a16z.
“Sky Mavis is committed to refunding all lost funds to our users and to applying rigorous internal security measures to prevent future attacks.”said Trung Nguyen, CEO of Sky Mavis.
The part of the network that was targeted by the hack, a blockchain “bridge” called Ronin, which allows users to move funds in and out of the game, will reopen after a security update and audits that “may take longer.” several weeks,” said Sky Mavis. The “funding round” will allow users to withdraw and deposit their money, the company said.
Binance CEO Changpeng Zhao said, “We strongly believe that Sky Mavis will bring a lot of value and growth to the industry as a whole and we feel there is a need to support them as they work hard to resolve the recent incident.” Binance and Sky Mavis did not say how much of the $150 million will be contributed by Binance.
Sky Mavis’ Axie Infinity game allows its 2.2 million players to buy and trade assets in the form of NFTs, competing with each other to win cryptocurrency tokens.
Source: Ambito
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