Did Axie Infinity's CEO transfer $3 million of AXS tokens to Binance?

Axie Infinity's CEO made a $3 million transfer of AXS tokens to Binance before it disclosed the $622 million Ronin hack to the public. Bloomberg first reported on the transaction after following the trail of a wallet linked to Axie's parent company's CEO, Trung Nguyen. Remember the Axie Infinity $600 million dollar video game hack??

What happened to Axie?

In fact, Trung Nguyen, the CEO of Sky Mavis, which is the company that made the Axie game, was able to transfer $3 million dollars worth of tokens before the hack was ever disclosed to the public. Once the hack was disclosed, Sky Mavis froze user’s assets, leaving them locked in the game.

How do you earn cryptocurrency in Axie Infinity?

In Axie Infinity, people can earn cryptocurrency by playing the game and completing tasks, such as winning Arena battles and breeding Axie monsters, which are non-fungible tokens. The attack on its Ronin network is now known as one of the biggest in crypto history.

Who is the founder of the crypto exchange FTX?

Bankman-Fried, who co-founded the FTX crypto exchange, singled out crypto scammers for criticism in an interview with Insider last week, saying they made lawmakers want to stamp down on the industry. Regulators and governments globally are increasing their scrutiny of the crypto world, following a boom in digital assets in 2020 and 2021.