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Axie-Infinity Developer to Reimburse Hack Victims, Restart Ronin

June 23, 2022, 9:43 PM

Sky Mavis Inc., the developer of the play-to-earn Axie Infinity video game that lost more than $620 million during a March hack, said it expects on June 28 to reimburse users and reopen the software bridge breached in the attack.

Hackers stole 173,600 Ether and 25.5 million USDC tokens from the bridge known as Ronin, which let users swap between different blockchain’s coins. Overall, the tokens are now valued at about $216.5 million in the wake of the tumble in cryptocurrency prices since the attack took place.

Users can withdrawal one Ether for each one they held in March ...