Uncategorized

Axie Infinity CEO Moved Tokens Before Informing Investors Of Hack, Denies Insider Trading Speculation

Blockchain and NFT game Axie Infinity’s CEO reportedly moved crypto tokens before the company officially announced that it had been hacked and was freezing all transactions.

Earlier this year, Axie Infinity was the subject of a hack that resulted in $625 million stolen in a huge digital heist. Now Bloomberg reports that Trung Nguyen, CEO of the developer Sky Mavis, moved about $3 million worth of Axie Infinity’s main token, AXS, from Axie’s blockchain to the crypto exchange Binance before news of the hack went public.

The transfer itself was viewable publicly, but there was no information in the wallet that could pinpoint the person controlling it. However, when presented with an analysis of public data apparently linking the wallet to Nguyen, Sky Mavis confirmed he was in control of the wallet.

Continue Reading at GameSpot

Comments Off on Axie Infinity CEO Moved Tokens Before Informing Investors Of Hack, Denies Insider Trading Speculation
Generated by Feedzy