Sky Mavis Will Reportedly Reimburse Axie Infinity Hack Victims But Only For About 1/3 Of The Amount Stolen
The reimbursement will cost about $216.5 million.
Axie Infinity, a collectible NFT-based online game by Sky Mavis, was hacked earlier this year by - what the FBI claims - were North Korean state-backed hacker groups. They stole a whopping $617 million Ethereum ($25.5 million in USDC) from tons of contributors to the game, and it wasn't until recently that Sky Mavis found a way to reimburse victims.
Unfortunately, only $216.5 million will be returned to users because of the steep decline of Ethereum, which is around one-third of what was stolen. Sky Mavis told Bloomberg that Axie Infinity players can receive one ether token for those stolen in the hack. But as mentioned before, there won't be an equal reimbursement due to the pricing of Ethereum currently. Although Sky Mavis raised $150 million in April to help victims gain their Ethereum, it wasn't close enough to meet the massive loss earlier this year. Affected users will be reimbursed on June 28 when Sky Mavis restarts the Ronin software bridge that the supposed North Korean hackers targeted.
What's your take on all of this? Should a developer that netted $4 billion in February of this year shortchange its users or steadily reimburse them over time? Let us know below!
Related Articles
About the Author
![Anthony Jones](/assets/images/team/anthony.jpg)
Anthony Jones is a gaming journalist and late 90s kid in love with retro games and the evolution of modern gaming. He started at Mega Visions as a news reporter covering the latest announcements, rumors, and fan-made projects. FFXIV has his heart in the MMORPGs scene, but he's always excited to analyze and lose hours to ambitious and ambiguous MMOs that gamers follow.
More Stories by Anthony JonesRead Next
![Guild Wars 2 WvW Update Will Reward Players For Getting Into More Fights](https://www.mmobomb.com/file/2022/6/guild-wars-2-wvw-changes-218x150.jpg)
This will be on top of the normal rewards players get for conquering or defending objectives.
You May Enjoy
![Apex Legends Predictably Reverses Course On Making Battle Pass Cash Only](https://www.mmobomb.com/file/2024/3/apex-legends-218x150.jpg)
Yeah, it was so easy to see this getting reversed, but never forget: you saw what they WANTED to do.
![Your Hearthstone Tropical Vacation Has Arrived, Perils In Paradise Expansion Live Today](https://www.mmobomb.com/file/2024/7/hearthstone-perils-paradise-launch-218x150.jpg)
Apparently there’s no new board in this update.
![It's Open Beta Day In Throne And Liberty And The Team Has A List Of Things They'd Like You To Check Out](https://www.mmobomb.com/file/2023/12/throne-liberty-shows-off-weapon-combination-system-218x150.jpg)
There's a few systems the team would really like your feedback on today.
![Ultima Online: New Legacy Open Beta Dates Announced, Will Recur Each Weekend](https://www.mmobomb.com/file/2024/7/ultima-online-new-legacy-open-beta-218x150.jpg)
It’s taken a while, but it’s finally happening.
![Because They Like To Annoy You, New World Will Start Letting People Take Your Name If You Haven't Played In 6 Months](https://www.mmobomb.com/file/2024/1/new-world-flail-bow-screenshot-218x150.jpg)
This needs to be changed to at LEAST 12 months if they want to do this.
![If You’re Lucky Enough To Live Where A Gong Cha Is, You Can Now Get Your Own Porxie King Mount In Final Fantasy XIV](https://www.mmobomb.com/file/2024/7/final-fantasy-xiv-gong-cha-cross-promotion-218x150.jpg)
You just need to buy three teas.
Discussion (1)