![]() Attackers did just that, taking over four of the nodes on the Ronin network and gaining the critical fifth from the NFT game. Unlike Bitcoin, the Ronin network is secured by a set of nine validator nodes taking over a majority allows an attacker to authorize transactions. “Proof of stake” validation nodes exploited via dormant administrator accounts The hackers got away with at least $625 million in crypto funds, exploiting some inactive accounts with administrator privileges that were reportedly compromised via social engineering. It’s been empowering to see more of our players engage with Axie Esports and more traditional gamers enter the Axie ecosystem as we continue to up the ante,” said Andrew “Zyori” Campbell, program lead, esports & content creators at Sky Mavis.Axie Infinity NFT Game Used to Breach Ronin Network, Over $600 Million in Crypto TakenĪ bridge between the Ronin network and the popular monster-battling game “Axie Infinity” was attacked in a way that essentially gave the hackers a blank check to approve transactions, something they took full advantage of to create one of the largest losses ever for a crypto platform (and possibly the largest ever for a DeFi network) if money is not recovered. “The launch of Axie Infinity: Origins is a key milestone in the Axie roadmap that will allow us to unlock the next level of Axie Esports. As the first recipient of the third Axie Infinity esports grant, Method MetaGuild will host both online and LAN competitions with a total prize pool of $160,000. The game will have regional, local amateur events for smaller organizers, scholarships, and emerging regions.Īdditionally, Method MetaGuild has expanded into Axie Infinity esports, as it continues to build upon its core values to create new and exciting ways to engage its community, celebrate competitive success, and maximize the potential of players and creators everywhere. Local Tournaments – $1,000 – $9,999 prize pool. Tournaments that are purely online with no physical presence, like leagues, cups, and invitationals that have some form of open qualifiers. Online Invitationals & Leagues – $10,000 – $50,000 prize pool. Smaller scale events with less prizing, some online qualifiers, and physical LAN finals in a smaller capacity. Large events with substantial prizing, robust online qualifiers, and a significant physical presence with a LAN final. Major Tournaments – will have the chance to giveaway ao $200,001 – $1,000,000 prize pool. The grant model will be broken down as follows: To date, Axie Infinity has enabled 94 tournaments through its grant program, which is designed to help the Axie competitive scene to thrive by spreading AXS across multiple regions and skill levels. The company will commit 160,000 AXS ($2.4 million) to be dispersed between Q4 2022 through Q2 2023. Sky Mavis’ recent early access release of Axie Infinity: Origins, formerly named Axie Infinity: Origin, has provided an avenue to further develop and expand its esports initiatives.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |