In the second-biggest crypto heist yet, hackers steal more than $500 million from Axie Infinity game network

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In the second-biggest crypto heist yet, hackers steal more than $500 million from Axie Infinity game network
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“Axie Infinity” publisher Sky Mavis Ltd. said on March 23, hackers infiltrated a part of its Ronin Network, which the game runs on.

A cryptocurrency startup that operates a popular online game called “Axie Infinity” said Tuesday that hackers stole more than $500 million worth of cryptocurrency.

“The... A cryptocurrency startup that operates a popular online game called “Axie Infinity” said Tuesday that hackers stole more than $500 million worth of cryptocurrency. “The breach happened due to social engineering, not technical flaw,” said Aleksander Larsen, operating chief and co-founder of Sky Mavis. While users are now unable to withdraw or deposit funds to Ronin Network, he said Sky Mavis is committed to ensuring that all of the drained funds are recovered or reimbursed.

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