Sky Mavis, the company that makes the online game, says the executive was shoring up funds to protect the business and help users after Ronin attack.
This spring, Sky Mavis, the startup that makes the video game Axie Infinity, announced it had suffered a devastating hack. While most video games are primarily recreational, Axie Infinity’s popularity relied largely on its players’ ability to trade and earn crypto tokens that had financial value, and players had stashes that represented significant savings. The hack forced the Vietnam-based game developer to shut down its system for pulling tokens out of the game, essentially freezing the assets of its users before they could react to the news.
Most of them, anyway. In the hours before the announcement and freeze, a digital wallet belonging to its chief executive officer and co-founder, Trung Nguyen, made a large transaction that included about $3 million worth of Axie Infinity’s main token, AXS. The tokens moved from Axie’s blockchain...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...