Axie Infinity is an online pay-to-earn game developed by Sky Mavis in Vietnam in which players collect and trade digital pets known as Axies that are minted as NFTs. In April hackers ran over millions of dollars of cryptocurrency stolen from Axie Infinity by a group called Lazarus, which the FBI says is sponsored by the North Korean state. But now, Axie is back on business.
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Sky Mavis said that it’ll start reimbursing the victims of the hack. Since the system uses Ethereum, which has dropped significantly in three months, users will only get around a third of their losses back. Insgesamt, Sky Mavis will return $216.5 million (thanks to Engadget).
How much popularity is NFT Game Axie Infinity?
The hackers could steal millions by exploiting a defect in the Ronin network Axie Infinity to ensure faster transactions. Axie Infinity will maintain its Ronin network, but in a blog post, the company said it had implemented a new sloppy breaker which would flag “large, suspicious withdrawals,” and also imposing withdrawal limits and employing human reviewers. The new land enhancement feature is expected to allow Axie Infinity players to earn passive income from digital land.
Sky Mavis told users to call or text-to-text to Ronin Bridge. “On the Ronin Bridge – if you go to the UI, you should only be able to access it and use it for withdrawal and deposit – for the purposes of this metric. Any funds that were sent directly to the bridge’s contact addresses will be permanently lost “the post stated.
New figures show that Axie Infinity’s users base has dropped 40 percent since the hack, while Esports.net recently noted that the number of players has fallen by 30 percent. You can read more about this hack here that caused the value of Axie Infinity to plummet. In the past, our feature on Axie Infinity demonstrates how its mechanisms function.