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Axie Infinity creator raises $150M led by Binance to reimburse stolen funds -Breaking

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Binance, Axie infinity’s creator, raises $150M to repay stolen funds

Binance has led an additional $150 million round of funding for Sky Mavis. This is the man behind the game play-to-earn tokens.

The fundraiser is aimed at reimbursing lost funds from the recent exploit on Axie Infinity’s Ronin Bridge, which resulted in the loss of over $600 million. Animoca Brands participated in this round as did Paradigm Paradigm Accel, Dialectic, Paradigm, Accel, and Dialectic.