Axi Infinity It’s a game play to earn the most popular in the world, and has gradually managed to recover from the historic cryptocurrency theft that it suffered in March last year. In fact, Sky Mavis, the company behind the title, announced that next week will begin to return stolen amounts to affected users.
Refunds will take effect next Tuesday 28 June. On the same day, the Ronin network bridge where the hack took place will be reopened. Once this happens, players can start withdrawing their lost funds. The return will cover exactly the same number of tokens that users had at the time of the robbery, only now they will cost less money due to the fall in the price of crypto assets.
Recall that the theft was caused by an attack on the nodes of the validators of the Ronin network and Axie DAO, a decentralized autonomous organization created to strengthen the ecosystem Axi Infinity. Hacking allowed to drain 173,600 ETH and $25.5 million in stablecoin USDC, which gave an amount estimated – at the time – at 620 million dollars. But with a marked drop in the prices of major crypto assets from March to the present, and given the current price, the recovery of stolen tokens would be equivalent to approximately $235 million.
To return funds lost during a hack, the creators Axi Infinity raised $150 million in a funding round which took place in April. Companies such as Binance and Andreessen Horowitz (a16z) have participated, and Sky Mavis has stated from the start that the money in question will be used to recover what users have lost.
Sky Mavis reopens the Ronin Network Bridge powered by Axie Infinity.
The opening of Ronin is great news for players Axi Infinityalmost three months after the attack. Throughout this period, the blockchain has been audited Certificate, the leading security company in the sector. This week, the said firm presented the results and made recommendations that should be followed to avoid new vulnerabilities.
Those in charge of Ronin have already reported that reopening the bridge will require hard fork (hard fork), so all validators will need to update their node software.
For now, Sky Mavies wants to put the bad hacking experience behind them and focus on the future. Alexander Larsco-founder and chief operating officer Axi Infinitytweeted that the company will seek to expand its gaming portfolio. To do this, a call has been opened for developers who want to join the study and take advantage of its personalized tools.
“Supported games will receive tactical advice on how to successfully enter the market and a deep understanding of token and game design using our experience gained over the past four and a half years with Axie Infinity,” he explained.
As for the March hack, most of the money from Axie Infinity was stolen in March. failed to restore. FBI attributed the attack to the cybercriminal group Lazarus, from North Korea; but at least a percentage of the stolen cryptocurrencies were processed through Tornado Cash, Mixer which prevents asset tracking on the blockchain. Binance, for its part, managed to recover just under $6 million that hackers tried to break into 86 accounts on exchange.
Source: Hiper Textual
