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Axie Infinity Founder Lost $9.5 Million Due to Hacking
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Axie Infinity Founder Lost $9.5 Million Due to Hacking

Feb 23, 2024

The founder of Axie Infinity, Jeff Zirlin, lost approximately $9.7 million in a hacking attack, during which around 3250 ETH was withdrawn from his wallet. This incident highlights personal risks in the cryptocurrency space and points to a broader issue of digital asset security. Zirlin emphasized that the attack was directed at his personal assets and does not affect the security of the Ronin network. He reassured that Sky Mavis, Axie Infinity, and Ronin Bridge have implemented strict security measures.

The perpetrators transferred the stolen funds through a crypto mixer called Tornado Cash, which complicates tracking the movement of coins. The incident sparked discussion among market participants about the need for the development of security infrastructure for wallets and digital assets.

The impact of the news on the market varied: the AXS token of Axie Infinity slightly increased in price, while the RON asset showed a decrease. This event underscores the importance of security in the realm of cryptocurrencies and blockchain.

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