NFT Evening NFT Evening

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Pixel Vault Holders Discuss Lack of Progress and Token Illiquidity

    August 11, 2022

    Alpha Aliens Club: The NFT Project That Is Out Of This World!

    August 11, 2022

    The 10 Most Expensive Cryptopunks in 2022

    August 11, 2022
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • Home
    • News
    • Crypto Art
    • Collectibles
    • Blockchain games
    • Interviews
    • Guides
    • NFT Calendar
    • NFT Conferences
    NFT Evening NFT Evening
    News

    Sky Mavis Promise Refunds To The Victims Of The Ronin Breach

    By YoloMarch 31, 20222 Mins Read

    Sky Mavis, the company behind the hit play-to-earn game Axie Infinity has pledged to refund all victims affected by the recent hack. According to the Sky Mavis team, funds stolen in the hack include player deposits and Axie Infinity treasury revenue.

    “We are fully committed to reimbursing our players as soon as possible,” Aleksander Leonard Larsen, chief operating officer of Sky Mavis, told Bloomberg. The team has been very public in its response to the Ronin Network breach.

    axie infinity
    The numbers confirm Sky Mavis’ Axie Infinity’s worldwide popularity.

    Axie Infinity has been one of the most prominent crypto games over the past year. Early adopters have been able to sustain significant amounts of secondary income while playing. In the past month alone, 2.6 million users have played Axie Infinity.

    Sky Mavis Looks to Learn From This and Move Forward

    Ronin Network is an Ethereum sidechain that Sky Mavis built specifically for the blockchain game Axie Infinity. According to Sky Mavis, the hacker managed to use hacked private keys to forge fake withdrawals. After, going on to steal $600M worth of crypto assets.

    The Ronin Network will now require 8 nodes for transactions. Additionally, the network will stay closed until the team is certain it is secure.

    This is the second major network hack in the past couple of months. The first was the Solana wormhole attack, which saw around $320M worth of wETH stolen.

    One of the most important aspects of any successful game is sustaining user demand. The Axie Infinity team is very wary of the damage this hack may have caused to loyal users. Therefore, they are committed to making everyone whole and returning stolen assets.

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Yolo

      Yolo is simply our generic email address :)

      More great NFT Evening content:

      Pixel Vault Holders Discuss Lack of Progress and Token Illiquidity

      August 11, 2022 News

      The 10 Most Expensive Cryptopunks in 2022

      August 11, 2022 News

      Trippy Mega Mutant Bored Ape Sold for 2300 ETH

      August 10, 2022 News

      The Weeknd Invests $70k in FVCKRENDER NFTs

      August 10, 2022 News
      Latests NFT News

      Pixel Vault Holders Discuss Lack of Progress and Token Illiquidity

      August 11, 2022

      The 10 Most Expensive Cryptopunks in 2022

      August 11, 2022

      Trippy Mega Mutant Bored Ape Sold for 2300 ETH

      August 10, 2022

      The Weeknd Invests $70k in FVCKRENDER NFTs

      August 10, 2022


      By signing up, you agree to the our terms and our Privacy Policy agreement

      NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

      Article Categories
      • Blockchain games
      • Collectibles
      • Crypto Art
      • Guides
      • Interviews
      • Metaverse
      • News
      • Sponsored Content
      NFT Calendar
      • Today’s NFT Drops
      • Upcoming NFT Drops
      • Solana NFT Drops
      • NFT Calendar
      • NFT Calendar : Add Your NFT Event
      Get In Touch
      • Advertise (Media Kit)
      • Collaboration and Press Releases
      • Job Opportunities
      • About Us
      • Contact Us
      NFT Beginners Guides
      • How to Sell NFT Art
      • How to Create NFT Art
      • How to Display NFT Art
      • How To Make Passive Income With NFTs
      • Best Crypto Wallet
      • Best NFT Coins
      • Best NFT Rarity Tools
      • What is a DAO ?
      • What Are Crypto Gas Fees ?

      Type above and press Enter to search. Press Esc to cancel.