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Sky Mavis recovers $5.7M from Ronin Bridge hack

Axie Infinity creator Sky Mavis said that some of the funds will cover the recovery costs while the rest will return to the Axie treasury.

Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, has announced that, with the assistance of Norwegian authorities, it has recovered $5.7 million from the notorious Ronin Bridge incident of 2022.

On June 7, Sky Mavis announced that Norway’s central unit for fighting economic and environmental crimes, called “Økokrim,” froze and returned $5.7 million in funds from the Ronin Bridge hack.

Sky Mavis said the efforts required coordination between law enforcement, lawyers, accountants and blockchain forensic teams like Chainalysis.

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Roaring Kitty hit with new lawsuit over alleged GameStop pump-and-dump scheme

Alex Labs rolls out post-exploit recovery plan

Alex Labs has revealed a recovery roadmap and enhanced security measures post-exploit aimed at rebuilding community trust and resuming operations.

Alex Labs, a Bitcoin layer-2 (L2) developer, announced its roadmap to restore community trust and restart operations on its platform after a recent breach.

The Alex Labs Foundation has two ongoing governance votes, including the re-opening of pools and plans to roll out the migration of its native token and automated market maker (AMM).

The Alex Lab Foundation hosted an X Space on May 29, during which the team detailed the recovery process, answered community questions, and discussed governance.

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Roaring Kitty hit with new lawsuit over alleged GameStop pump-and-dump scheme