Axie Infinity - A new Ethereum game similar to CryptoKitties [SPECIAL PRE-SALE]

[l3pox]

Sky Mavis team suffered a huge exploit this week putting them on top of the rekt.news leaderboard (when they report it)

Community Alert: Ronin Validators Compromised

Funds on Ronin chain are safe but the birdge and Katana are now paused
i suggest that those interest read about the article

this is the address of the exploiter that is still holding most of the funds
https://etherscan.io/address/0x098b716b8aaf21512996dc57eb0615e2383e2f96

173,600 Ethereum and 25.5M USDC

[tbct_mt2]

Community Alert: Ronin Validators Compromised

173,600 Ethereum and 25.5M USDC

It's strange to know the hack happened last week and only be known this week, after more than 6 days since the hack.

I am not sure why the hacker(s) did not make more attempts because there are 6 more days to exploit more. Or Sky Mavis team known about it but did not want to publicly announce it 6 days or a few days ago?

[l3pox]

Community Alert: Ronin Validators Compromised

173,600 Ethereum and 25.5M USDC

It's strange to know the hack happened last week and only be known this week, after more than 6 days since the hack.

I am not sure why the hacker(s) did not make more attempts because there are 6 more days to exploit more. Or Sky Mavis team known about it but did not want to publicly announce it 6 days or a few days ago?

on the article they say they just learned about it on the 29th because an user tried to withdraw 5,000 ETH from the bridge but couldn't.

the main things that make me confuse are:
why the hacker didn't take the AXS and SLP from the bridge too?

regarding taking more money, check the article
this is the biggest breach in crypto story, even bigger than poly, the hacker took 624 million dollars.

[Piston Honda]

scam shit continues

[tbct_mt2]

on the article they say they just learned about it on the 29th because an user tried to withdraw 5,000 ETH from the bridge but couldn't.

the main things that make me confuse are:
why the hacker didn't take the AXS and SLP from the bridge too?

No more details but it sounds like hackers stole funds in bridge pool and Axie Infinity even did not know about this until one user can not withdraw fund because hot wallet is empty after that hack. I guess it is what happened from news we have so far.

regarding taking more money, check the article
this is the biggest breach in crypto story, even bigger than poly, the hacker took 624 million dollars.

It's the worst ever hack in history in total value and it is worst because of long day from the hack until the day it was detected.

[WalkerIVIV]

Yeah and my ethereum got stolen too. I can't withdraw it from ronin caused by all of ethereum already drained and the hacker is starting to sending it into the tornado cash. How shitty the developer of axie is.
Please dev sell AXS in your treasury to reimburse your players. I have a few ethereum and can someone withdraw ethereum from ronin?
So, the dev needs to reimburse 600 millions USD that will be sent to the tornady by hacker. 

The worst project.

[l3pox]

Devs announced that they got 150 million usd with partners like Animoca, binance and others
and they already have a plan to restore functionality of the bridge.

Origin game with new graphics and mechanics is ready for playing on computer today too.

the hack was definitely a huge problem, but they keep building and will stay around.

[logictense]

Damnit guys that explains why binance pump cartel pumps it this much. I cant even imagine where it goes with that much capital. Still from the investment standpoint I do not see how Axie is better than small capped competing coins with tons of room for growth. Potential upside and percentage is what matters. Unduly overvalued.

[l3pox]

Damnit guys that explains why binance pump cartel pumps it this much. I cant even imagine where it goes with that much capital. Still from the investment standpoint I do not see how Axie is better than small capped competing coins with tons of room for growth. Potential upside and percentage is what matters. Unduly overvalued.

do you realize they're the biggest NFT game with billions in revenue last year alone?
and the biggest dapp in DAU?

I mean, it's not like our average shitcoin...

[safar1980]

Why Axie Infinity’s co-founder thinks play-to-earn games will drive NFT adoption
Its co-founder Jeff “Jiho” Zirlin told TechCrunch that “2021 was a year of growth and scaling,” while “2022 is a year of building, shipping products, and delivering better and more accessible gameplay experiences.”
https://techcrunch.com/2022/05/04/why-axie-infinitys-co-founder-thinks-play-to-earn-games-will-drive-nft-adoption/

[wagmi89]

Now that time passed by, AXIES price suffered from a market reset and suffers lower lows... Why I am writing this? It is interesting, how fast there was a hype about this P2E game. AXS outperformed BTC during bearish months, started a huge wave of P2E crypto game schemes, and now ... well, think about for a minute

[tbct_mt2]

Why Axie Infinity’s co-founder thinks play-to-earn games will drive NFT adoption

They have bad concept. Who will provide money source for gamers to play and earn? Sky Marvis, the game, Ventures capitals, exchanges. I hope you see the point.

Even if Axie Infinity did not have the $600M hack, their game economy was in trouble already. The rescue from ventures won't save them. The market is against them.

I wish best for Axie Infinity and Sky Marvis to survive after the hack and hope them will recover in couple of years. I am realistic here because they will not be able to recover in a few months especially in this bear market and people are all fearful to invest or to play games.

[l3pox]

Why Axie Infinity’s co-founder thinks play-to-earn games will drive NFT adoption

They have bad concept. Who will provide money source for gamers to play and earn? Sky Marvis, the game, Ventures capitals, exchanges. I hope you see the point.

Even if Axie Infinity did not have the $600M hack, their game economy was in trouble already. The rescue from ventures won't save them. The market is against them.

I wish best for Axie Infinity and Sky Marvis to survive after the hack and hope them will recover in couple of years. I am realistic here because they will not be able to recover in a few months especially in this bear market and people are all fearful to invest or to play games.

I think they already recovered from the hack because just their tresury is bigger than what was stolen and they received 150 million from binance, animoca and other partners.


Origin is now available for mobile
if you want to download and test the game go here:
https://welcome.skymavis.com/download/

more information on their official twitter
https://twitter.com/AxieInfinity/status/1524660182885670913?s=20&t=pTM-XDD7Dx6xpVlJ8e5kOQ

[forward_habit_9365]

Why Axie Infinity’s co-founder thinks play-to-earn games will drive NFT adoption

They have bad concept. Who will provide money source for gamers to play and earn? Sky Marvis, the game, Ventures capitals, exchanges. I hope you see the point.

Even if Axie Infinity did not have the $600M hack, their game economy was in trouble already. The rescue from ventures won't save them. The market is against them.

I wish best for Axie Infinity and Sky Marvis to survive after the hack and hope them will recover in couple of years. I am realistic here because they will not be able to recover in a few months especially in this bear market and people are all fearful to invest or to play games.

I think they already recovered from the hack because just their tresury is bigger than what was stolen and they received 150 million from binance, animoca and other partners.

Yeah, on-chain data would suggest that they did.

[spiker777]

Again Axie infinity hacked but this time only their discord channel and hackers made fake announcement of NFt minting. This is bad news for Axie Security and they will lose trust of users. Big projects should strong their security otherwise result will be just like Luna.

Source
https://cointelegraph.com/news/axie-infinity-s-discord-bot-compromised-hackers-issue-fake-minting-message

[tbct_mt2]

The hack is not too bad because there are worse things happening with Axie Infinity and Ronin.

Users are leaving and they get less and less revenue from Ronin with time. It will be harmful for their plan to recover from the $625M hack months ago.

Axie Infinity's Financial mess started long before its $600 million hack

[l3pox]

Again Axie infinity hacked but this time only their discord channel and hackers made fake announcement of NFt minting. This is bad news for Axie Security and they will lose trust of users. Big projects should strong their security otherwise result will be just like Luna.

Source
https://cointelegraph.com/news/axie-infinity-s-discord-bot-compromised-hackers-issue-fake-minting-message

just for clarifying
this was a problem with MEE6 bot, a famous bot on many major servers in the crypto industry and affected tons of NFT projects, not only axie.

if you check their treasury and revenue axie team has enough money to keep building for a long long time... I think they'll be fine

[AmoreJaz]

Again Axie infinity hacked but this time only their discord channel and hackers made fake announcement of NFt minting. This is bad news for Axie Security and they will lose trust of users. Big projects should strong their security otherwise result will be just like Luna.

Source
https://cointelegraph.com/news/axie-infinity-s-discord-bot-compromised-hackers-issue-fake-minting-message

just for clarifying
this was a problem with MEE6 bot, a famous bot on many major servers in the crypto industry and affected tons of NFT projects, not only axie.

if you check their treasury and revenue axie team has enough money to keep building for a long long time... I think they'll be fine

what i am worried about axie is do they really have long term plans here? like many other seemingly solid projects, we have no clue about the real plans of the axie team. what if one of the members decided to cash out and leave? so if you are an axie player, i think, better cash out some of your coins at least getting your initial investment. and then, the rest you can always cash out whenever you want to. but secure your initial investments so it won't be hard for you if in case something goes wrong with the platform.

[l3pox]

@AmoreJaz they have more than 70 employees on the company now and make frequent calls with the community and posts on their twitter and discord
pretty sure their team members are vested on it and can't simply cash out and leave.
not our average rug pull here.

[tbct_mt2]

what i am worried about axie is do they really have long term plans here? like many other seemingly solid projects, we have no clue about the real plans of the axie team. what if one of the members decided to cash out and leave? so if you are an axie player, i think, better cash out some of your coins at least getting your initial investment. and then, the rest you can always cash out whenever you want to. but secure your initial investments so it won't be hard for you if in case something goes wrong with the platform.

Very high likely that there is vesting term for internal members so their internal staffs can not cash out all AXS or SLP they have if it is from their investment internally.

I don't think a big project like Axie Infinity will have rug pull. With this great success, their internal team members can easily buy their tokens 2 years ago, even on the open market with cheap price and sell in bull market last year at all time highs. With huge trading volume in last year, it is not a big issue for anyone to cash out.

Now their project is in trouble after the hack and side effects from bear market. They are builder and leader in blockchain game so no rug pull.