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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.

Axie Infinity, a NFT-based online video game.

Photographer: Alejandro Cegarra/Bloomberg

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.”