Sky Mavis Financial News

08.07 / 02:01

business Blockchain Gaming Sky Mavis VC firm Konvoy launches new $150M fund, eyes blockchain-based games

Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games.

01.07 / 23:15

Adoption defi Hackers hacks Sky Mavis Battle-hardened Ronin bridge reopens following $600M hack: Finance Redefined

Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.

29.06 / 06:07

business Blockchain Binance Gaming Sky Mavis Battle-hardened Ronin bridge to Axie reopens following $600M hack

Sky Mavis, developers of the popular play-to-earn (P2E) NFT game Axie Infinity have announced that the Ronin bridge is back online three months after it was hacked for more than $600 million.

24.06 / 20:57

Blockchain Ethereum NFT defi Sky Mavis Relaunch Exploit Axie Infinity to compensate Ronin exploit victims and relaunch bridge

Sky Mavis, the creator of the play-to-earn game Axie Infinity (AXS), announced that it will reimburse victims of the Ronin bridge hack and reopen the bridge next week.

31.05 / 16:13

Technology NFT Sky Mavis Amid P2E downturn, Sky Mavis turns to user-generated content for Axie Infinity

On Tuesday, Sky Mavis, creator of the popular fantasy monster-battle nonfungible token (NFT) game Axie Infinity, announced that it had accepted the first user-created projects in its Axie Infinity Builders Program. Out of 2,000 applications submitted, just 12 were selected for the Builders Program.

06.05 / 23:41

Blockchain Ethereum security Sky Mavis Crypto mixer sanctioned by US Treasury for role in Axie Infinity hack

The United States Treasury Department Office of Foreign Assets Control (OFAC) announced Friday that it was sanctioning cryptocurrency mixer Blender.io for its role in laundering proceeds from the hacking of Axie Infinity's Ronin Bridge. North Korean state-sponsored hackers Lazarus Group have been identified as the perpetrators of the attack.

28.04 / 15:45

Ethereum Hack security Gaming Sky Mavis Redesigned Axie Infinity's Ronin Bridge Delayed till Late May

The Ronin bridge is being redesigned after a major hack last month, with the opening of the new bridge delayed till late May. The delay is necessary since the bridge will be built to secure “billions of dollars in assets,” a new update from the team behind the bridge has said.

28.04 / 08:19

Blockchain Hackers Gaming Sky Mavis BUG Plan for $1M bug bounties and double the nodes in wake of $600M Ronin hack

The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late last month.

25.04 / 10:47

Ethereum ETH AXY Infinity Sky Mavis Ronin hack: Despite sanctions across levels, hacker continues to cash in the loot

Ronin Network, a cross-bridge chain that powers Axie Infinity, underwent one of the largest exploits. This resulted in a loss of 173,600 Ethereum and 25.5 million USDC, equivalent to more than $600 million. Since the breach occurred on 23 March, the stolen funds have flowed into FTX, Huobi, and Crypto.com, which have all vowed to take actions to trace the funds.

22.04 / 21:33

business Blockchain Technology Binance Sky Mavis Exploit Binance recovers $5.8M in funds connected to Ronin bridge exploit

Via a Twitter post on Friday, Changpeng Zhao, CEO of Binance, said that the cryptocurrency exchange recovered $5.8 million spread over 86 accounts in digital assets moved to the exchange by Lazarus Group. Last month, the North Korean cyber-criminal group allegedly stole 173,600 Ether (ETH) and 25.5 million USD Coin (USDC), worth over $600 million at the time, belonging to Axie Infinity's Ronin bridge.

20.04 / 17:25

Blockchain Adoption Polygon Gaming Sky Mavis Blockchain Gaming Skyrockets 2,000% in One Year, Axie Infinity in Downtrend - Report

On average, blockchain-powered games attracted 1.22m daily unique active wallets (UAWs) this past March, or 2,000% more than a year ago, per dapp (decentralized app) market data provider DappRadar.

19.04 / 03:05

Blockchain cryptocurrency Adoption Gaming Sky Mavis Final Fantasy Developer Braves Wrath of Gamers with Blockchain Gaming Statements

Square Enix, the Tokyo Stock Exchange-listed gaming giant and the firm behind the Final Fantasy and Dragon Quest games, has said that focusing on traditional forms of games would be “not be enough” for the company in the future – hinting that user-created content such as non-fungible tokens (NFTs) and play-to-earn crypto titles could ensure that the firm continues to grow.

16.04 / 09:47

Blockchain Ethereum Sky Mavis US blames North Korean hackers for $625 million crypto heist

Ronin Network, owned by developer group Sky Mavis. The FBI has also attributed Lazarus Group to the Ronin security breach as the US Treasury Department updated sanctions to include the wallet address that received the funds and attributed it to the Lazarus group. «We are still in the process of adding additional security measures before redeploying the Ronin Bridge to mitigate future risk. Expect the bridge to be deployed by the end of month,» Ronin Network said in a statement late on Thursday.

14.04 / 21:55

Ethereum NFT Cybercrime play-to-earn Sky Mavis lazarus North Korean Lazarus Group allegedly behind Ronin Bridge hack

The United States Treasury Department Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons (SDN) list was updated Thursday to reflect the possibility that North Korean cyber-criminal Lazarus Group was behind last month's hack of the Ronin Bridge, in which over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) was taken, Chainalysis announced by Twitter. The information was also confirmed by Ronin.

13.04 / 13:05

Ethereum Hack defi security Sky Mavis Axie Infinity Developer Sky Mavis Offers up to USD 1M in Bounty for 'Fatal Bugs'

Sky Mavis, the firm behind the popular blockchain-based online game Axie Infinity (AXS), has launched a bug bounty program to incentivize white-hat hackers to find bugs associated with its services.

12.04 / 18:13

business Blockchain Gaming Sky Mavis The aftermath of Axie Infinity’s $650M Ronin Bridge hack

In late March, Ronin, an Ethereum sidechain built for the popular play-to-earn nonfungible token game Axie Infinity, was hacked for over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) for a combined value of over $600 million.

12.04 / 00:17

markets Blockchain Adoption Polygon Sky Mavis Crypto Raiders explains how blockchain gaming attracts new users to Web3

At the height of the nonfungible token (NFT) rally in 2021, Sky Mavis, the creator of Axie Infinity, rolled in like the Trojan horse and coined the term play-to-earn (P2E) for blockchain games. Axie Infinity grew in popularity after amassing a $3 billion valuation and it steadily onboarded millions into Web3. According to Axie Infinity co-founder Aleksander Larsen, roughly 50% of Axie Infinity’s daily active users (DAUs) had never had a cryptocurrency wallet until they began playing.

11.04 / 14:37

markets Hackers hacks Trading Sky Mavis Axs Price Axie Infinity sees 'no signs of buyers' as AXS price tumbles 30% in two weeks

Axie Infinity (AXS) price has fallen by nearly 30% two weeks after losing $625 million to a hacking incident involving its play-to-earn gaming platform's underlying blockchain, the Ronin Network.

09.04 / 19:27

UPS AXY Infinity Santiment Sky Mavis shock Is Axie Infinity [AXS] still in shock after two weeks of the Ronin hack

As the Axie Infinity market attempts to recover from the effects of the Ronin hack, Sky Mavis’ Chief Operating Officer (COO), Alexsander Larsen, has come forward to take complete responsibility for the events that transpired on the night of 23 March.

09.04 / 07:47

cryptocurrency crypto news crypto market Sky Mavis play Crypto and gaming collide in high-risk 'play-to-earn' economies

The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online games, dubbed «play-to-earn», which blend entertainment with financial speculation. These games can make for lucrative businesses amid the hype around NFTs and virtual worlds, attracting millions of players plus billions of dollars from investors who see the games as a way to introduce more people to cryptocurrency.

09.04 / 00:29

defi Grayscale Decentralized Exchange Sky Mavis Finance Redefined: Axie Infinity creator raises $150M, DApp daily users surge to 2.4M and more

The decentralized finance (DeFi) world saw another week of increased on-chain and developer activity even when the overall market cap took a slight dip amid overall market retrace. The creators of the popular play-to-earn nonfungible token (NFT) game Axie Infinity raised $150 million to reimburse hack victims of the Ronin bridge exploit.

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