Axie Infinity Co-Founder Losses Over $10 Million In Hack, AXS Holds Firm
23 Février 2024 - 6:00PM
NEWSBTC
Two personal crypto wallets belonging to Jeff “Jihoz” Zirlin, the
co-founder of Sky Mavis, the company behind the popular
play-to-earn (P2E) game Axie Infinity, have been
compromised, reports on February 23 show. Following this
hack, over $10 million worth of various crypto assets were stolen,
primarily RON, the native token of Ronin Chain, the Ethereum
sidechain designed explicitly for Axie Infinity. Axie Infinity
Co-Founder Losses Over $10 Million In Hack According to
Lookonchain data, the hacker got away with 3.2 million RON
worth over $9.53 million. The co-founder also lost over $834,000
worth of Wrapped Ethereum (ETH). There were other small amounts of
PIXEL, the native token of Pixels–a gaming platform; SLP, the coin
priming Axie Infinity’s metaverse; and USDC, a stablecoin.
Zirlin held around 164 AXS worth less than $1,300. The hack
has shown an unexpected holding pattern, especially among project
founders. That the co-founder only held 164 AXS is strange,
considering the role played in Axie Infinity. The P2E game has
distributed billions of assets since its popularity peaked in the
last bull cycle. Related Reading: Arbitrum In Freefall, Dips Below
$2 As Experts Analyze Recovery Timelines Stolen assets, Lookonchain
data reveals, were reportedly converted to ETH and deposited into
Tornado Cash, a crypto mixer whose co-founders have an ongoing
court case in the United States. In charges brought forward in
August 2023, the prosecution team alleges that North Korean hackers
used Tornado Cash to launder millions, if not billions, of dollars
worth of stolen coins. Some of these tokens were from the Ronin
hack, which lost over $600 million in March 2022. Dedicated
To Mission; RON And AXS Post Minor Losses Zirlin confirmed the hack
on X on February 23, emphasizing that it was “limited to my
accounts.” The hack did not affect the Ronin chain or Sky Mavis
operations. The co-founder also added that the compromised private
keys were not connected to the company’s internal systems. Related
Reading: Bitcoin Bullish Outlook: Analyst Predicts Near-Term Surge
To $61,000 Zirlin said they have “strict security measures in place
for all chain-related activities to assuage fears.” The co-founder
also remains upbeat, assuring concerned crypto community members
that the project will continue pursuing its mission of bringing
“economic freedom” to all users. So far, AXS and RON prices remain
stable but lower, looking at the performance in the daily chart.
AXS and RON have been edging lower since February 21, cooling off
after sharp gains from early Q4 2023. Feature image from
Canva, chart from TradingView
Arbitrum (COIN:ARBUSD)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Arbitrum (COIN:ARBUSD)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024