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Sky Mavis raises $150m round led by Binance to reimburse Ronin attack victims

Sky Mavis, the firm behind hit play-to-earn game Axie Infinity, raised the $150m round to reimburse user funds lost in the $625m Ronin attack. Venture capital firms a16z, Dialectic, Paradigm and Accel also participated. 

"We strongly believe Sky Mavis will bring a lot of value and growth for the larger industry and we believe it’s necessary to support them as they work hard to resolve the recent incident," Binance CEO Changpeng Zhao said.

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crypto