Sky Mavis had said that it will compensate for the loss caused to the users from the amount of $ 150 million it will raise from its funds and investors. These investors also include Binance. As reported by Reuters, it is not known how much Binance will contribute to this amount. After the hack attack, users were unable to withdraw their money from the game. Sky Mavis said that after getting the funding, users will be able to withdraw their money.
Binance CEO Changpeng Zhao said, “We believe that Sky Mavis will help increase the value and growth of the crypto industry, and therefore it is necessary to help them through this difficult situation.” Sky Mavis co-founder and chief operating officer Aleksander Leonard Larson said his firm will ensure that all stolen funds are recovered or recovered. About 1,73,600 Ether and more than $25 million worth of USDC were stolen in this attack by hackers late last month.
Last year, hackers stole more than $600 million in cryptocurrencies by breaking into the blockchain-based platform Poly Network. This was the biggest hack of Decentralized Finance (DeFi). Cybercriminals stole nearly $1.3 billion from hacking in the blockchain segment last year. With the rise in popularity of digital assets, hacking cases have also increased. Recently, the crypto platform Wormhole Portal suffered a loss of $ 322 million in one such hack attack. With the increasing number of scams and hacking cases involving the crypto segment, the regulators have called for increased scrutiny of this segment. It is often difficult to recover the stolen money in such scam cases.
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)
For the latest tech news, smartphone reviews and exclusive offers on popular mobiles, download the Gadgets 360 Android app and follow us on Google News.