Sky Mavis successfully raised 150 million USD after the hack

 Sky Mavis, the company behind the game Axie Infinity, raised $150 million to reimburse players 


The Vietnamese game publisher said that the Ronin network bridge will reopen after a security upgrade and undergo a number of safety checks, expected in the next few weeks. In the meantime, Binance is supporting the Ronin Network by offering Ethereum withdrawals and deposits to Axie Infinity players.


Regarding the cause of the attack, the company admitted: "While racing to develop, we had to make some trade-offs that led to hacker attacks. It's a difficult lesson but it will help us. build a better Ronin Network in the future". Sky Mavis will increase the number of validator nodes from 9 to 21 and equally divide the management among parties including partners, community and members.

Nikkei Asia considers this move an important step to regain the trust of users after the attack that shocked the crypto industry. Sky Mavis also announced it will release a major upgrade for Axie Infinity on April 7.

Axie Infinity is the most popular NFT game right now with over two million daily users. Late last month, Sky Mavis announced that hackers had hacked into Ronin Network, took control of 5 out of 9 validator nodes, stolen 173,600 Ethereum and 25.5 million USDC. The company closed the bridge to investigate the incident. During that time, players cannot make transactions on this blockchain network.

While hackers have already started dispersing their hard-earned money in various ways, cryptocurrency exchanges are also committed to working closely to recover the stolen funds. Binance CEO Changpeng Zhao said: “We truly believe Sky Mavis will bring a lot of value and growth to the larger industry and believe it is necessary to support them as they work hard to solve the problem. recent incident".
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