Crypto thieves rob adorable digital animal game for more than $617M

Axie Infinity looks like a cross between a Tamagotchi and Pokémon, a “digital pet universe where players battle, raise, and trade fantasy creatures called Axies,” creatures that happen to be NFTs. A February 2022 writeup by described it as “the play-to-earn NFT game taking crypto by storm,” but in a shocking development the game has now been taken by hackers, to the tune of more than $600 million—making it one of the biggest crypto heists of all time.

Axie makes use of Ronin, a “sidechain” designed specifically for the game that enables users to access the Ethereum blockchain without paying many of the standard transaction fees. A sidechain, as defined by HackerNoon, is “a separate blockchain that is attached to its parent blockchain using a two-way peg [that] enables interchangeability of assets at a predetermined rate between the parent blockchain and the sidechain.”

Leave a Comment