Sky Mavis raises $150M led by Binance, funds to be restored on the Ronin bridge
* On April 6 Axie Infinity announced a $150 million funding round led by Binance, with participation from Animoca Brands, a16z, Dialectic, and Paradigm. * The round combined with Sky Mavis balance sheet funds will be used to ensure that all users affected by the Ronin Validator Hack [https://vestorportal.com/ronin-network-suffered-one-of-the-biggest-hacks/
$620M - Ronin just suffered from one of the biggest Crypto Hacks ever!
Ronin Network Hacked * The Ronin bridge has been exploited for 173,600 Ethereum and 25.5M USDC. * The Ronin bridge and Katana DEX have been halted. * Ronin is working with law enforcement, forensic cryptographers, and their investors to make sure all funds are recovered or reimbursed. On the 29th March