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Sky Mavis, the company that released the Axie Infinity game, has announced that it is committed to refunding players after the Ronin incident following the $625 million hack.
Earlier, as planned on March 31, Axie Infinity will announce the specific deployment schedule of the V3 Origin version, an upgrade compared to the current V2. But due to the impact of the attack on Ronin, the plan was postponed by a week to check the security work.
The move and the direction of resolution are given.
According to an update by Sky Mavis's chief operating officer, Aleksander Leonard Larsen, since the incident was discovered, the Axie team has worked hard to fix the situation and the remaining security vulnerabilities. The COO acknowledged that the error had existed since December 2021 and belonged to a number of individuals in the project. And Ronin's validator count will soon be added to avoid the same thing happening again in the future.
Larsen also confirmed that Axie Infinity will soon compile a compensation plan for affected users and is in discussions with stakeholders to choose the best direction.
"We are committed to recovering the stolen funds or being repaid. We are working with stakeholders to get the best treatment possible." Sky's official spokesman Mavis exchanged
thestolen funds including those of both players and speculators, adding to revenues from the Axie Infinity treasury, Sky chief executive Mavis said.
The perpetrator found the back door in a Ronin button, then relied on the hacked personal keys to make the withdrawal. Total damages included 173,600 Ether and $25.5 million, or more than $625 million.
The main token price of Axie Infinity (AXS) lost 11% of its value and Ronin's original token (RON) dropped by about 20% as soon as news of the attack became public.
