Axie Infinity to start reimbursing Ronin bridge hack victims from June 28
A few months after the exploit that led to the theft of more than $ 600 million, Axie Infinity developer SkyMavis eventually refunded the user and restarted the Ronin Bridge Bloomberg that was exploited in the attack. report..
Developers plan to start refunding to affected users on June 28th. When the bridge comes back online, users can retrieve the exact value of what they had before the hack. However, the 56,000 ETH stolen from Axie Infinity DAO remains unsecured.
This announcement will come months after Sky Mavis promises to repay those who have lost money. The company has raised $ 150 million from investors in a Binance-led funding round to fulfill that promise.
Hackers are the largest exploit ever in the crypto industry, stealing 173,600 units of ETH and 25.5 million USDC. At the time, loot was worth more than $ 600 million, but the depreciation of ETH’s dollar value reduced its value to $ 216.5 million.
Reports from US officials linked the hack to the North Korean-backed Lazarus Group.
Axie Infinity picks up pieces
This attack had a major impact as Axie Infinity experienced a daily decline in user numbers. The current bear market, along with other GameFi platforms, also overlaps with its misery.
By the way, the number of daily users of Axie Infinity reached a record high of 2.7 million in November 2021, but as of June 6, the number has dropped significantly to less than 600,000.
Its native token, AXS, is significantly less valuable, as is the broader crypto market. According to CryptoSlate data, it is trading at 89.7% lower than the record high.
However, it has increased by 24% in the last 7 days and has surged in the last few days. After a 16% increase in the last 24 hours, it is now valued at $ 16.94.
Meanwhile, the network’s NFT sales have so far exceeded $ 4 billion, lagging behind Ethereum and defeating other well-known rivals such as Solana and Polygon.
