Crypto News
| Published On Apr 9, 2022 10:31 am CEST | By Peter Siu

Sky Mavis Taking “Full Responsibility” For $650M Axie Infinity ‘Ronin’ Hack

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Chief Operating Officer, Alexsander Larsen at Sky Mavis, the company behind play-to-earn game Axie Infinity, on Friday apologized for the security breach that cost users $625.

Appearing Friday morning on CoinDesk TV show “First Mover,” Larsen said:

“These are the players that deposited their funds into the Ronin network, and who trusted us, and we failed to live up to that trust.”

The COO added:

“When you’re going 100 miles per hour, sometimes it goes a little bit heavy around the bend.

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I think that’s what happened here. So, lesson learned, we’re taking full responsibility for this internally.”

Describing the entire experience as a nightmare, Larsen said that the stolen money will be replaced, while his company is also raising outside funds. He again admitted his firm’s responsibility in the matter and said:

“Users shouldn’t lose their funds in a situation like this, it’s our responsibility.”

Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.