In a bid to recover funds stolen during the recent Ronin Bridge attack, Binance revealed that it has led a $150 million funding round from Sky Mavis – the creators of Axi Infinity.
- As cryptopotato As recently reported, the Ronin Bridge – a critical piece of infrastructure for the Axi Infinity ecosystem, was exploited.
- The attack resulted in the loss of $600 million in the largest crypto-related hack ever.
- Today, Binance revealed that it led a $150 million funding round to recover funds lost in the attack.
- Other participants in the round include Animoca Brands, a16z, Dialectic, Paradigm and Accel, and this reflects growing confidence in the project despite significant exploitation.
- Binance CEO Changpeng Zhao commented on the matter, who said:
I command for the global ecosystem to flourish and mature, it is imperative that we work together, especially when it comes to security, which is our strong suit. We have seen tremendous work and growth from the Sky Mavis team since working together on the Axie Infinity project at Binance Launchpad. We strongly believe that Sky Mavis will bring enormous value and growth to the larger industry and we believe it is essential to support them as they work hard to solve the recent phenomenon.
- Meanwhile, Sky Mavis CEO Trung Nguyen said they are committed to reimburse all funds while implementing “rigorous internal security measures to prevent future attacks.”
PrimeXBT Special Offer: Use this link to register and enter code POTATO50 to get up to $7,000 on your deposit.