Axie Infinity has raised $150 Million Dollars and will be using funds from the balance sheet to cover the $600 million dollars they lost due to a hack in the Ronin Bridge and Network. This will be used to restore the Eth and USDC for the users that they lost.

Unfortunately this doesn’t cover the funds in the treasury.

For those who don’t know Axie Infinity is a play to earn game on the Ronin sidechain of Ethereum. Using NFTs earn tokens in SLP and AXS.

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