Hackers steal over $600 million from video game Axie Infinity's Ronin network

Hackers steal over $600 million from video game Axie Infinity's Ronin network

Invalid Date by CNN

Key Facts

  • (Web3 refers to the idea of a decentralized internet powered by the blockchain, the technology that underpins various cryptocurrencies.) “The entire web3 marketplace is so fraught with chaos and lawlessness, we may never learn the truth about what happened,” said Stark.
  • Axie Infinity is a successful web3 game in which players use NFT digital pets, called Axies, to interact with the game’s community.
  • According to a blog posted to the Ronin network’s official Substack on Tuesday, the system has halted activity on networks that allow players to convert assets in the Axie Infinity universe and to convert currency between the Ethereum and Ronin blockchains.
  • “I don’t think the coin is going down too bad,” said Justin Seeley, who owns Axie Infinity NFTs and tokens, said, referring to Axie Infinity’s Ronin token that was had plummeted 20% on the news of the hack.

Click To Read Full Article

PERSON
MONEY
GEOGRAPHY
PERCENT
CRYPTOCURRENCY
MISCELLANEOUS

This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2021 Kwhen Inc.

Was this content valuable for you?