Cybersecurity
Axie Owner Says Recovering Stolen Crypto Could Take Two Years
- Company using own funds and cash infusion to repay users
- Player community has dropped 45% from peak to 1.48 million
Axie Infinity, a NFT-based online video game.
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
The creator of the popular play-to-earn Axie Infinity crypto game said it expects to recover at least a portion of the roughly $600 million of cryptocurrencies hackers looted from a software system linked to the game, while acknowledging that it may be a lengthy process.
“What we are assuming over the next two years is that some funds will be recovered,” Aleksander Leonard Larsen, chief operating officer of Ho Chi Minh-based Sky Mavis, said in an interview on Thursday. “Two years for Axie is a good time for us to get more information. We’re here to play the long game.”