The FBI blames the hack on the North Korean Lazarus Group.
While the gaming mainstream remains deeply distrustful of anything associated with crypto, one of the apparent successes was Axie Infinity: a Pokémon-style game built around pets called Axies that can be traded, battled and, of course, are claimed to have some sort of 'real' value. Axie Infinity's ecosystem was valued in the hundreds of millions.
. They were tipped off about a wallet that had moved 48,838 AXS tokens from Ronin to Binance, a huge amount, and managed to dig back through this wallet's transactions to see it had received the largest initial payment of AXS tokens when the game was launching. "At the time, [Sky Mavis] understood that our position and options would be better the more AXS we had on Binance. This would give us the flexibility to pursue different options for securing the loans/capital required. The Founding Team chose to transfer it from this wallet to ensure that short-sellers, who track official Axie wallets, would not be able to front-run the news."
Trung also goes on to claim that"the Bridge has been re-opened with all player funds backed 1:1. Many in the media have conveniently ignored this, as it doesn’t fit their predetermined narratives." 5/19I reached out to someone within Sky Mavis with the information. The story started with no one except the founders knowing about the hack before it was announced. Then it became a few people potentially knew. Now they claim also people within Binance also knew...
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