Progress in $625M Hack: Binance Will Help Victims

Binance, the world’s most used cryptocurrency exchange, will lead the fund created to help the victims of the $ 625 million hack.

As Reuters reported on April 6, Binance announced that the Ronin bridge used by the players of Axie Infinity was hacked. will lead the fund for victims explained.

In addition, Sky Mavis, the developer company of Axie Infinity, made a statement on the subject:

We will refund $150 million to users, including our own funds, cryptocurrency exchange Binance, and venture capital firm a16z.

said.

Binance CEO Changpeng Zhao (CZ) said, “We believe Sky Mavis will add a lot of value to the cryptocurrency market. We see that they are working hard to solve the incident that took place and We believe we should support it.” said.

In the statements made by Binance, About how much of the $150 million fund will give nothing was said.

Sky Mavis, on March 28 According to the data he shared, the number of daily players decreased by 44%. 1.48 He stated that it was a million.

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