Axie Infinity Founder Loses $9.5 Million in Hacker Attack
Date: 2024-02-23 Author: Dima Zakharov Categories: BUSINESS
Founder Targeted in Cyberattack
Jeff Zirlin, co-founder of Sky Mavis, the blockchain game Axie Infinity, and the Ronin Bridge, became a target of a cyberattack, leading to the theft of around 3250 ETH, equivalent to roughly $9.7 million. This deliberate attack underscores the personal risks individuals face in the crypto realm and raises concerns about digital asset security.
Immediate Response and Stolen Funds
Zirlin confirmed that the funds were swiftly taken from his wallet but reassured the community that the Ronin network remains secure. The incident was specifically aimed at his personal assets, unrelated to operations at Sky Mavis, Axie Infinity, or Ronin Bridge. Zirlin emphasized the stringent security measures in place for blockchain-related activities.
Stolen Assets Traced
The stolen digital assets were sent to the well-known crypto mixer, Tornado Cash, complicating their traceability. According to research firms PeckShield and Webac, the assets were further transferred across three separate Ethereum wallets via a bridge.
Market Reaction and Implications
The incident sparked discussions among market participants, highlighting the urgent need for wallet and digital asset security infrastructure development, especially given the increasing global recognition of cryptocurrency.
Axie Infinity and Ronin Market Response
As of February 23, 2024, the AXS token traded at $7.78, marking a 1.8% increase over the past 24 hours, while RON experienced a 2.69% decline, currently priced at $3.
