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Sky Mavis recovers .7M from Ronin Bridge hack

Sky Mavis recovers $5.7M from Ronin Bridge hack

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Source: Coin Telegraph

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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Author: Ezra Reguerra