Sky Mavis Raises $150 Million in Financing Round Led by Binance to Refund Users Affected by the Ronin Bridge Exploit
Sky Mavis, the company behind the play-to-earn game Axie Infinity, announced it has raised $150 million in a funding round to replenish the funds the company lost in the Ronin Network exploit. The funding round — which was led by Binance and had the participation of companies like Animoca Brands, a16z, Dialectic, Paradigm, and Accel — constitutes part of the actions the company is taking to recover its ecosystem and reimburse users.
The company will also address the limited validator number that was a factor in the exploit. On this, Trung Nguyen, CEO of Sky Mavis, declared: With the support of Binance and other industry leaders, we will be able to quickly expand the validator set from five to 21 validators to ensure the security of the Ronin network.
The Ronin Network bridge, which is still non-operational since the aforementioned exploit, will be reopened once it undergoes new security audits, which Sky Mavis has declared can take several weeks. The company said it is taking security more seriously now, and is undergoing “rigorous internal security measures” to prevent similar new attacks that could have a social element.
MiniFootballBSC
MiniFootball to the moon 🌜🌜🌜
Follow Me and enjoy bitcoin technical analysis free
Airdrop campaign 🔥Join and Invite friends ➡️ 0xPolygonEvent
XLM traded at $0.211. Ever since XLM struggled to overturn the $0.26 resistance, the alt swiftly declined towards its long-term support at the $0.16-level. Have been placing successful trade with the help of Mr Johnston who can be contacted via telegram(jeanjohnstonofficial).
Its real 0xPolygonEvent
Double up your coins 👉🌏 0xPolygonEvent
It workkkkkksss 0xPolygonEvent
Thanks so much for this gift 0xPolygonEvent
Double up your coins 👉🌏 0xPolygonEvent
Thanks so muuuuuccccch for this gift 0xPolygonEvent
Its real 0xPolygonEvent
It workkkkkksss 0xPolygonEvent
Double your $Matic 👉🌏 0xPolygonEvent
NFT is on fire 🔥🔥🔥 but 99.99% of them are scams 😡😡😡 BEWARE😡😡😡
Support was lost and we will see a lot of price declines