CEO NFT Game Axie Infinity Reportedly Moved Tokens Before Communicating Hack, Accused Of Insider Trading
CEO Trung Nguyen states the claims are baseless.
In more NFT shenanigans, a digital pet collecting NFT game by the name of Axie Infinity was reported hacked earlier this year, with the hackers stealing approximately $625 million. That’s a lot of money and supposedly a big hit for the company. Now, however, Bloomberg is reporting that the company’s CEO, Trung Nguyen, may have moved about $3 million in the game’s primary blockchain currency, AXS, to the crypto exchange Binance prior to the hack going public.
The report, summarized on GameSpot, states that the transfer was publicly viewable, but contained no identifying information in the wallet. That means that the public could not see who was controlling the move. Later, an analysis of the data linked the wallet to Nguyen and Sky Mavis, the company behind Binance, confirmed the fact.
Both Sky Mavis and Nguyen have issued statements saying that any suggestions that Nguyen was “trying to mitigate personal losses” with the move are “baseless”. According to Sky Mavis, the company felt it would be beneficial to have more AXS on Binance, giving them “flexibility to pursue different options for securing the loans/capital required”.
About the Author
QuintLyn is a long-time lover of all things video game related will happily talk about them to anyone that will listen. She began writing about games for various hobby sites a little over ten years ago and has taken on various roles in the games community.
You May Enjoy
Path Of Titans Founders Edition Now Out On All Platforms As Console Beta Kicks Off
There's a little something extra in the founder's packs for console buyers.By QuintLyn Bowers - 1 week ago
Lineage II: Aden Debuts Cruma Tower Instance For "Core Raid Event," Brings New Rewards And Event Buff
The raid is capable of holding up to 200 players.By Anthony Jones - 1 week ago
Chimeraland Gameplay - First Look (F2P)
Make a mess of a monster, then go find and capture other monsters.By Anthony Jones - 1 week ago
Neverwinter Introducing Rothé Valley Battle Pass, But There's Changes This Time Around
Players don’t have long to wait to explore the Protecter’s Enclave’s Vaults.By QuintLyn Bowers - 1 day ago
Diablo Immortal Bug Continues To Plague Players As They Lose Millions Of XP Despite Recent Hotfix
Hopefully players will be able to get all of their rightfully earned XP soon.By Aspen Pash - 1 week ago
Swords Of Legends Online Update Introduces Hard Mode Demon Battlefield Raid, Bet You Didn't See That Coming!
The more difficult version of the Demon Battlefield opens today.By QuintLyn Bowers - 2 days ago