On December 3, the U.S. government moved $33.6 million worth of cryptocurrency seized during the collapse of FTX and Alameda Research to two unidentified addresses. The transfers involving tokens such as Ethereum (ETH), Binance USD (BUSD), Wrapped Bitcoin (WBTC), and Shiba Inu (SHIB) stirred curiosity across the digital asset sector. Details of the Transfers According...Read More
Sky Mavis, the developer behind the blockchain-based game Axie Infinity, has announced a 21% reduction in its global workforce. This move is part of a larger restructuring plan to secure the company’s future stability and development. Core Products and Future Growth According to a local media report, this decision will impact approximately 50 employees out...Read More
October is gaining significance as several noteworthy projects, including Axie Infinity, Optimism, and Aptos, are gearing up for significant token releases. The trio is set to release more than $130 million into the market collectively, with Axie Infinity having the largest increase in the circulating supply of its AXS token at 11.5%. Axie Infinity’s AXS...Read More
The blockchain intelligence firm Chainalysis announced on Thursday that it has successfully assisted law enforcement in seizing $30 million in crypto stolen by North Korean hackers of the Lazarus group. The ill-gotten proceeds were connected to the infamous Axie Infinity hack in March – the largest hack in decentralized finance (DeFi) to date. How the...Read More
Ronin hackers have transferred the stolen assets from Ethereum to the Bitcoin network, according to new findings by blockchain investigator and developer ₿liteZero. Recall that after the Ronin bridge hack in March, the attackers moved the $625 million worth of USDC and ETH to Ethereum-based crypto mixer Tornado Cash, making it difficult for authorities to...Read More
Trung Nguyen – Co-Founder and CEO of Axie Infinity – said the accusations against him of being engaged in insider trading are “baseless and false.” However, he admitted transferring $3 million worth of AXS to “ensure that short-sellers would not be able to front-run the news.” The CEO Strikes Back In March this year, Ronin...Read More
Following the recent attack on the Ronin Network, a new revelation showed that the co-founder and CEO of the video game Axie Infinity, Trung Nguyen, moved AXS – the native token of Axie Infinity – worth $3 million to crypto exchange giant Binance, hours before announcing the hacking incident. According to Bloomberg on Thursday (July...Read More
Sky Mavis – the company behind Axie Infinity – is offering up to $1 million to anyone that can identify major security vulnerabilities in its platform. This comes after the company was struck by the largest defi hack in history, with over $600M being drained from Ronin bridge. A Call to Whitehats According to the...Read More
In a bid to restore funds stolen during the recent Ronin bridge attack, Binance revealed that it has led a $150 million funding round of Sky Mavis – the creator of Axie Infinity. As CryptoPotato reported recently, the Ronin bridge – a critical piece of infrastructure for the Axie Infinity ecosystem, was exploited. The attack resulted in...Read More
There has been some activity on the blockchain address that was flagged as being involved in the hack on the Axie Infinity Ronin bridge last month. There have been several transactions over the past couple of hours from the suspect Ethereum address. The first was the movement of 1,000 ETH valued at approximately $3.5 million...Read More
Axie Infinity has announced postponing the launch of its much-anticipated play-to-earn game – Origin – after what appears to be the biggest hack in DeFi history. According to the post on substack, Axie Infinity: Origin will go live on the Mavis Hub on April 7th. It was originally slated to launch on March 31st. Axie...Read More
Sky Mavis – the company behind the popular blockchain game ‘Axie Infinity’ – has promised to reimburse victims after $625 million in crypto was stolen from its underlying blockchain, Ronin. Another Bridge Hack Yesterday, the Ronin network suffered the largest DeFi hack in the history of crypto, with over $624 million in Ether and USDC...Read More
One of the leading names in the play-to-earn universe (P2E) – Axie Infinity – surpassed $4 billion in all-time non-fungible token sales. Currently, it is the third-largest NFT project falling behind OpenSea and LooksRare. Hitting a New Milestone Launched in 2018, Axie Infinity is among the most popular play-to-earn blockchain games. However, it was not...Read More
The NFT market and metaverse have once again been thrown into a state of euphoria as a single plot of digital land on the most popular NFT game in the crypto space, Axie Infinity, sold for 550 ETH. $2.3M for Axie Infinity Plot The plot of land in question is one of the Genesis plots...Read More
The tremendous growth of Axie Infinity and its native token – AXS – in the past year has paid off massively for winners of the AXS Binance launchpad lottery tickets who held their token. $200 Turned More Than $250,000 According to current market prices, the 2,000 Axie Infinity tokens allocated to each AXS Binance Launchpad...Read More
Popular NFT-based play-to-earn online game, Axie Infinity, will be raising approximately $150 million in a Series B funding round at a nearly $3 billion valuation. Andreessen Horowitz to Invest in Axie Infinity According to a recent report, which cited two unidentified sources “with direct knowledge of the deal,” the funding round will be led by...Read More
More than $10.7 billion worth of NFTs were sold between July and September, according to stats from analytics websites. Digital art, memes, gaming items, and collectibles have sold like hotcakes over the past three months, so much so that they’ve even headlined on Reuters. The report, citing figures from DappRadar, stated that the whopping third-quarter...Read More
The interactive game Axie Infinity has attracted nearly $2 billion worth of the native token locked on its platform, which is a new record. At the same time, the price of AXS has surged to an ATH on its own following a triple-digit weekly increase. Launched less than a year ago, Axie Infinity is an...Read More
