A blockchain powering the NFT game Axie Infinity was attacked, leading to one of the biggest crypto swipes to date
The theft occurred last Wednesday, according to the company, when hackers infiltrated part of Ronin, the underlying blockchain that powers the game. Developers at Sky Mavis, which runs both Axie Infinity and Ronin, said they only discovered the breach Tuesday.in a post in its newsletter. “We are working directly with various government agencies to ensure the criminals get brought to justice.
Axie Infinity uses a “play-to-earn” system that combines finance and gaming, powered by NFTs, unique tokens that can be traced back to a user. Players buy creature-centric NFTs to gain entry into the game, and then spend more crypto to acquire and breed various beasts they can deploy in battles. The NFTs have both in-universe and real-world value, adding a kind of digital-money buzz to traditional gameplay.
The Ronin hackers made off with some 174,000 ETH, the currency associated with the Ethereum blockchain, and nearly 26 million in USDC; collectively the two are currently worth abut $625 million. USDC is a stablecoin, which means its value is pegged to the U.S. dollar.
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