Axie Infinity’s Ronin network—an Ethereum sidechain—was hacked in March, with $622 million worth of assets stolen as of the time of disclosure.
Sky Mavis CEO Trung Nguyen transferred $3 million worth of tokens just before the hack was disclosed, but he says today that claims of insider trading "are baseless and false."
Top crypto game Axie Infinity weathered one of the all-time largest DeFi hacks in March when the bridge connecting its Ronin network sidechain to Ethereum was hacked for $622 million worth of cryptocurrency. Now the CEO of the studio behind Axie has admitted that he moved millions of dollars’ worth of tokens off of Ronin before the hack was disclosed.
That’s according to a report today from Bloomberg, which analyzed blockchain data to discover that a crypto wallet controlled by Sky Mavis CEO and co-founder Trung Nguyen transferred about $3 million worth of the game’s AXS governance token from the Ronin network to crypto exchange Binance.
Nguyen’s token transfer...
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