Discussion

• @carnage4life @carnage4life on x

  Axie Infinity's parent company has raised $150M in VC funding to pay back users after losing $625M in a hack of its Ronin network. This seems like a too big to fail situation in the crypto landscape where VCs stepped in to prevent a domino effect. https://www.theblockcrypto.com/ …

• @mdudas Mike Daodas on x

  interesting new norm being established as the two most recent massive crypto hacks are being backstopped by giants who see more money in long term continuity than short term wallet hit https://axie.substack.com/...

• @iansherr Ian Sherr on x

  A new type of entry for the “I'm in the wrong business” list — cash in AFTER disclosing one of the largest ever hacks. And that's not even including all the debate around exploitation, “scholarships” and whatnot. https://twitter.com/...

• @binance @binance on x

  Deposits & Withdrawals on Ronin Network have now resumed. https://www.binance.com/...

• @ronin_network @ronin_network on x

  We will release an update to the Ronin wallet in 50 minutes. The update will bring two new features: • You will be able to import just a private key to the Ronin wallet. • Ledger Support: You will be able to use the Ledger Hardware wallet with the Ronin Chrome extension https://t…

• @axieinfinity Axie Infinity on x

  1/ We've raised a 150 million USD funding round led by Binance. The round combined with Sky Mavis balance sheet funds, will be used to ensure that all users affected by the Ronin Validator Hack will be reimbursed. https://axie.substack.com/...

• @mayazi Maya Zehavi on x

  Reminder: the last Axie valuation was at $3B & before the hack they've already lost revenue at an alarming pace https://twitter.com/...

• @mayazi Maya Zehavi on x

  One of those instances when the crypto VCs need to do better & actually disclose: - the funding details - how much of a stake did Sky Mavis loose in this round - how are the tokenomics effected given the uncollateralization - what governance roles are they taking on & who https:/…

• @mayazi Maya Zehavi on x

  Binance taking the lead & reimbursing Axie holders doesn't necessarily mean it's coming out of CZ's stash. Could very well simply be the case that only Binance as an exchange has the regulatory “don't give a damn” set up to honor those refunds from Axie holders.

• @icebergy_ @icebergy_ on x

  So they're buying back the eth? https://twitter.com/...

• @psycheout86 Psycheout on x

  Stuck the landing. Let's keep building. https://axie.substack.com/...

• @jihoz_axie @jihoz_axie on x

  Couldn't have done this without our friends, partners, and community. The support you've shown us this week gave us strength and energy. Everyone likes a comeback story. Let's keep building 🤝 https://axie.substack.com/...

• @kukulabanze Ryan Zurrer on x

  We are very proud to continue to support the category creator & leader in P2E crypto-gaming @SkyMavisHQ. @Psycheout86 & his team are building a generational business & the thoughtful, high integrity way they've approached challenges is inspiring & will be remembered as legendary.…