An analysis of Axie Infinity hack: Sky Maven taking six days to disclose it is irresponsible and people likely lost money needed to live, not just spare cash
On March 23, cryptocurrency priced at around $625 million was stolen from the Ronin network, which is the blockchain that powers the game Axie Infinity.
Molly White
Related Coverage
- Hackers make off with $625 million from Axie Infinity's Ronin network in historic DeFi heist Fast Company · Connie Lin
- Hackers steal $625 million in crypto from blockchain-based game Axie Infinity The Daily Dot · Jacob Seitz
- Crypto heist: Hackers steal $US600m from blockchain connected to online game Sydney Morning Herald · Olga Kharif
- #12 The Context: A Bridge (Hack) Too Far The Context
Discussion
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@molly0xfff
Molly White
on x
“The Axie Infinity hack, what happened, and why people keep talking about bridges” https://blog.mollywhite.net/ ... https://twitter.com/...
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@kansasalps
Andrea Peterson
on x
Enders game is here, but also with financialization and @molly0xFFF has a chart https://blog.mollywhite.net/ ...
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@molly0xfff
Molly White
on x
apparently games requiring this kind of accounting are the future of gaming. most of the arrows on the chart also incur fees. can't wait!
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@abebrown716
Abe Brown
on x
@molly0xFFF from @web3isgreat analyzes the $625 million Axie Infinity hack. And does a succinct job summing up its significance, which extends beyond being another Web3 misfire. https://blog.mollywhite.net/ ... https://twitter.com/...
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@dlberes
@dlberes
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“I'm quite concerned for the Axie userbase, given the narrative that playing Axie Infinity can become someone's job—particularly in developing countries...the promise of a bailout is likely the only reason the various Axie tokens have any value left at all” https://blog.mollywhit…
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@buzz
Buzz Andersen
on x
It's cool how you basically have to be a derivatives trader to figure out video games now. https://blog.mollywhite.net/ ... https://twitter.com/...
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@stshank
Stephen Shankland
on x
A detailed look at this particular cryptocurrency disaster. (Hackers compromised 5 of 9 validation servers, letting them filch $625 million.) The complexity and opacity of this setup is one of my biggest concerns about cryptocurrency. https://twitter.com/...
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reddit
Joseph Schweitzer
on reddit
[AMA] We are the EF's Research Team (Pt. 7: 07 January, 2022) self.ethereum
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@tinssoldier
Kristine Servando
on x
Axie Infinity executive confirms player assets and a percentage of company's ETH revenue, from its “treasury,” were stolen during $600+ million hack of its blockchain network. https://www.bloomberg.com/... @crypto Here's our feature on the game from last year https://www.bloomber…
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@axieinfinity
@axieinfinity
on x
We've received some questions regarding a recent unlock of AXS tokens from the vesting contract. This was done by Axie Infinity so we could deposit AXS to Ronin Network before pausing the bridge. A part of that AXS will be going to winners in Season 20. We are here to stay.