Sky Mavis recovers stolen assets worth $5.7 million
Share link:In this post: Sky Mavis recovered assets worth $5.7 million that were lost in the Ronin Bridge hack of 2022. 15% of these assets will be used to cover the costs of recovery, while the remaining 85% will go into the Axie Infinity treasury. A separate pool of assets worth $40 Million is currently frozen, and no timetable for its recovery has been given.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information
Sky Mavis, the creator of the Web3 game Axie Infinity, has recovered $5.7 million worth of stolen assets associated with the 2022 Ronin Bridge hack with help from Norwegian authorities and the US FBI.
Also read: Ronin Blockchain Comes Ahead Among Gaming Chain Leaders
The game studio shared the news of recovery in a recent tweet, in which it thanked Norway’s Økokrim and the FBI in the US for freezing and retrieving assets worth $5.7 million. It also mentioned that an additional $40 million worth of separate assets have been frozen by law enforcement authorities.
85% of the recovered funds will go into the Axie Infinity treasury
Sky Mavis has mentioned that 15% of the recovered funds will be used to cover the costs of recovering the assets. The remaining 85% of funds will go into the Axie Infinity treasury. The game studio publicly acknowledged the efforts made by the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim), lawyers, accountants, the FBI, and Chainanalysis.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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