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Sky Mavis of CEO Nguyen Thanh Trung successfully raised 150 million USD to refund Axie Infinity players after the 625 million USD hack

CNN reported that on April 6, Sky Mavis, the maker of the money-making game Axie Infinity, announced that the company had raised a $150 million investment. In addition to Binance, participating in the $ 150 million funding round for Axie Infinity this time there are many big names in the blockchain community such as Animoca Brands, a16z, Dialectic, Paradigm, and Accel.

Sky Mavis also said that this money will be combined with the company’s balance fund to overcome the attack on the Ronin network. Specifically, the newly raised capital is used to refund money to users affected by the cyber attack.

Sharing with CNN, Sky spokeswoman Mavis Kalie Moore said that the amount of 56,000 ETH (worth more than $192 million) stolen from the Axie DAO will not be part of the compensation plan. Sky Mavis will instead contact law enforcement to track down the perpetrators and recover the funds. If this effort fails to bear fruit after 2 years, the Axie DAO community will conduct a vote on the next resolution step.

Nikkei Asia assessed, this move is an important step to regain trust from users after the attack that shocked the crypto industry. Sky Mavis also announced it will release a major upgrade for Axie Infinity on April 7.

Previously, on March 23, Sky Mavis’ Ronin and Axie DAO’s validator nodes were compromised by hackers. This is one of the most malicious attacks ever against a Blockchain project. As a result of it, more than $620 million worth of cryptocurrency was stolen. This amount includes 173,600 Ethereum and 25.5 million USDC.

In its announcement, Sky Mavis also said that they are fully responsible for the above incident. According to Sky Mavis, in the product race, this game maker has made a number of trade-offs leading to the unfortunate consequences that have just occurred. “This is a lesson for us to build Ronin in the future. We are confident that we will become stronger and wiser thanks to this lesson,” Sky Mavis shared.

Within the next 3 months, Sky Mavis will increase its validator to 21 nodes instead of 9 like before. These validator nodes will be held by partners, community members, and long-term allies of the project.

For the Ronin network bridge, the system will be reopened after undergoing a security check and upgrade. The above operation will likely last for several weeks.

https://cafef.vn/sky-mavis-cua-ceo-nguyen-thanh-trung-goi-von-thanh-cong-150-trieu-usd-de-hoan-tien-cho-nguoi-choi-axie- infinity-sau-vu-hack-625-trieu-usd-20220407093330495.chn
https://cafef.vn/sky-mavis-cua-ceo-nguyen-thanh-trung-goi-von-thanh-cong-150-trieu-usd-de-hoan-tien-cho-nguoi-choi-axie- infinity-sau-vu-hack-625-trieu-usd-20220407093330495.chn

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