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Hackers steal over $615 million from network running Axie Infinity

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Eugene (L) and Ginger Arboleda giving a demonstration on how to play Axie Infinity, an NFT game where players earn tokens that can be exchanged for cryptocurrency or cash, Manilla, December 10, 2021.

Jam Sta Rosa | AFP | Getty Images

The popular blockchain game Axie Infinity, which lets users earn money as they play, is connected to what could be the largest decentralized finance, or DeFi, hack in history.

Axie Infinity’s Ronin Network said in a blog post on Tuesday that it lost around $615 million in USDC (a U.S. dollar pegged stablecoin) and ethereum, surpassing the $611 million hack of the DeFi protocol Poly Network in August 2021.

The security breach was confirmed by Axie Infinity’s…



Source cnbc.com

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