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Bittime - Jeff Zirlin, co-founder of blockchain gaming platform Axie Infinity, lost nearly $10 million after two of his personal wallet addresses were hacked.
What is Axie Infinity?
Axie Infinity is a blockchain gaming platform that allows players to own, develop, and battle digital characters called Axies. These Axies can be traded and used to produce crypto assets in the Axie Infinity ecosystem.
The platform has become one of the most popular projects in the blockchain world, offering a unique gaming experience and the potential to earn income digitally.
Also Read: Exploring Axie Infinity (AXS): A Gaming Metaverse
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Incidents That Do Not Disrupt Platform Operations
Zirlin went public with the incident, stating that the hack did not affect the operations of Sky Mavis or the Ronin network. He emphasized that the attack was limited to his personal account and had nothing to do with the validation or operation of the Ronin network.
He also emphasized that the leaked keys have nothing to do with Sky Mavis' operations, and that the platform has strict security measures in place for all activities related to the network.
Also read : What is a Black Hat Hacker?
Large Scale Theft of Funds
According to PeckShield, a security agency, hackers managed to steal 3,248 ETH worth $9.5 million from a large wallet. The stolen funds were then withdrawn from Ronin Bridge and transferred to crypto mixer Tornado Cash.
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Attack Against Ronin Network
In March 2022, Ronin Network fell victim to a massive attack worth over $600 million in USDC and ETH, with the notorious North Korean hacking group, Lazarus Group, suspected to be the perpetrator behind the attack.
Axie Infinity, which is one of the well-known projects in the blockchain space, has been the target of a hacking attack that harmed one of its founders.
This incident underscores the importance of security in the crypto ecosystem and shows that the danger of cyberattacks is always lurking, even for established platforms like Axie Infinity.
Also read : What is Ronin (RON) and what makes it unique?
How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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