Sky Mavis Raises $150M Led By Binance, Funds to be Restored on the Ronin Bridge
blog.axieinfinity.com
Update on July 17th - In April 2022, Sky Mavis announced a $150M round, which was committed by a tight knit group of investors, within one week of the Ronin Security Breach. The security breach was unexpected and as part of our crisis response, we immediately put together a round that ensured access to funds that might be needed to reimburse all users and to continue building. As we learned more about the hack and what was required to make all users whole, Sky Mavis and Axie Infinity were able to refill the bridge and reimburse the funds with the company’s own balance sheet.
Sky Mavis Raises $150M Led By Binance, Funds to be Restored on the Ronin Bridge
Sky Mavis Raises $150M Led By Binance, Funds…
Sky Mavis Raises $150M Led By Binance, Funds to be Restored on the Ronin Bridge
Update on July 17th - In April 2022, Sky Mavis announced a $150M round, which was committed by a tight knit group of investors, within one week of the Ronin Security Breach. The security breach was unexpected and as part of our crisis response, we immediately put together a round that ensured access to funds that might be needed to reimburse all users and to continue building. As we learned more about the hack and what was required to make all users whole, Sky Mavis and Axie Infinity were able to refill the bridge and reimburse the funds with the company’s own balance sheet.