Axie developer Sky Mavis has fully reimbursed users.
Sky Mavis appears to have followed through on its promise to compensate players affected by the theft. Although it notes that users’ funds are “fully backed 1:1 by the new bridge,” Sky Mavis still hasn’t made up for a large portion of the Ronin network’s stolen funds. After pooling money from the founding members of the Sky Mavis team andfrom a number of companies, including Binance, the firm says Ronin’s currently down 71,600 ETH and 25.5 million USDC .
But this still doesn’t account for the 56,000 wETH drained from the Axie DAO Treasury, the group of people who vote on decisions for the Axie community. Sky Mavis says it’s working with law enforcement to retrieve these funds. If it doesn’t recover them within two years, the DAO will cast a vote on the “next steps.”this week, which is another scheme to help generate rewards for players who’ve invested money in the game.
It’s unclear what these changes will do to improve the actual gaming experience, even if the back end is, now, more secure. Shortly after the attack, Sky Mavis launched, a newer version that includes free-to-play elements to try and attract new players who don’t have blockchain wallets yet. To help prevent future thefts, the Ronin Bridge has undergone one internal audit and two external audits by blockchain security firms Verichains and Certik. The bridge also has a new “circuit-breaker system” designed to stop suspicious users from making unusually large withdrawals. You can read more about Ronin’s update in its
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