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  • The developer of “King of Chain Games” Axie Infinity will compensate users for losses of over $600 million due to hacker attacks
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The developer of “King of Chain Games” Axie Infinity will compensate users for losses of over $600 million due to hacker attacks

Andrew 06/23/2022 1 min read

Overall, the cryptocurrencies are now worth around $216.5 million in the aftermath of the attack, which saw cryptocurrency prices plummet.

In a statement, a spokesperson for Sky Mavis said that after the bridge reopened, users could receive compensation based on the amount of ether they held in March. The 56,000 ether lost in the DAO linked to blockchain head game Axie Infinity will remain uncollateralized.

Sky Mavis promised in March that it would compensate users who lost funds. The company raised $150 million in a funding round led by cryptocurrency exchange Binance in April. At the time, the company said it planned to use the money, along with Sky Mavis and Axie Infinity’s own resources, to reimburse users for losses.

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