The game 'Axie Infinity', which suffered the largest hacking damage ever, raised 18.5 billion yen to compensate the victims

On March 23, 2022, more than 75 billion yen worth of virtual currency was stolen from the sidechain of the popular blockchain game ' Axie Infinity '. On April 6, 2022, Sky Mavis, a Vietnamese game company that operates Axie Infinity, will provide $ 150 million (about 18.5 billion yen) from Binance, a major cryptocurrency exchange, as a fund to rescue victims. ) Was procured.

Sky Mavis Raises $ 150M Led By Binance, Funds to be Restored on the Ronin Bridge
https://axie.substack.com/p/funding

Maker of'Axie Infinity' Game Raises Funds to Reimburse Victims of Crypto Hack --WSJ
https://www.wsj.com/articles/maker-of-axie-infinity-game-raises-funds-to-reimburse-victims-of-crypto-hack-11649254614

Crypto, VC Firms Come Together to Bail Out Axie Infinity After $ 624M Hack
https://www.vice.com/en/article/4awmqg/crypto-firms-come-together-to-bail-out-axie-infinity-after-dollar624m-hack

'Axie Infinity', an online game that trains and competes with cute game characters called 'axie', can also make money by trading non-fungible tokens (NFT) linked to axie. A igniting game of the 'Play To Earn' genre. On March 23, the side chain Ronin Bridge that supports the blockchain of this 'Axie Infinity' was hacked, and a large amount of virtual currency was stolen.

Over 75 billion yen is stolen from the side chain of the game 'Axie Infinity' where you can get virtual currency just by playing --GIGAZINE

Sky Mavis, the operator of Axie Infinity, will be led by crypto exchange Binance on April 6, with mobile game company Animoca Brands, venture capital firms Andreessen Horowitz and Accel, and crypto funds Paradigm and Dialectic. Announced a $ 150 million funding round in which and others will participate. Sky Mavis says it will use the $ 150 million raised to cover the victims of hacking, along with its own funds, to allow users to withdraw and deposit funds.

In a statement, Sky Mavis CEO Chun Nguyen said, 'We are committed to reimbursing all the funds lost by users and implementing strict internal security measures to prevent future cyber attacks.' rice field.

Sky Mavis says it will increase the number of validators to 21 to approve transactions as part of its recurrence prevention measures. Until now, Sky Mavis used 9 validators, but in the above-mentioned hack, 5 out of 9 private keys were stolen, and the cryptocurrency was illegally transferred from Ronin Bridge. rice field.

Binance CEO Changpeng Zhao, who led the funding round, said, 'We strongly believe Sky Mavis will bring greater value and growth to the industry and need their support working to resolve recent incidents. I thought it was. '