Report post

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.

Related articles

Canadian Authorities Initiate New Project to Combat Crypto Fraud

Canadian Authorities Initiate New Project to Combat Crypto Fraud2024-09-06 09:48:40The Alberta Securities Commission (ASC) has collaborate […]

Canadian Crypto Exchanges Faces Deadline For CIRO Membership

Canadian Crypto Exchanges Faces Deadline For CIRO Membership2024-08-06 23:33:50Canadian crypto exchanges face a looming deadline to comply with new regulations, specifically CIRO membership. With the crypto deadline approaching, exchanges are scrambling to adapt and ensure regulatory compliance. The question arises: are Canadian exchanges urgently pursuing regulatory compliance? This article explores the challenges and opportunities facing Canadian crypto exchanges as they navigate the changing regulatory landscape.

Best Ethereum ETFs In Canada For 2024

Best Ethereum ETFs In Canada For 20242024-08-01 02:52:21Discover the top Ethereum ETFs in Canada for 2024, including a comprehensive guide on what Ethereum ETFs are and how they work. Learn about the evolving investments in Ether ETFs like ETHR and CI Galaxy’s ETHX, as well as the purpose and benefits of investing in ETHH. Stay ahead of the curve with our curated list of top Ethereum ETFs for Canadian investors.

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms2024-07-25 15:35:16On Wednesday, Bitcoin mining firm Riot Platforms announ […]

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction2024-07-21 22:57:17Solana ETFs’ approval prospects and SOL price predictions are gaining momentum, with investors speculating on the potential impact of these funds on SOL’s growth. The outlook is being closely watched, especially during U.S. elections, as market sentiment could shift. While CME futures are not yet a necessity, the ETF approval may serve as a significant catalyst for SOL’s price movement. Stay tuned for updates on this developing trend.

The World's Leading Crypto Trading Platform

Get my welcome gifts