Krutika Adani
With assistance from Norwegian authorities, Sky Mavis, the parent company, recovered nearly $5.7 million.
Authorities have also traced and locked another $40 million from the same hack.
In 2022, Axie Infinity’s Ronin Bridge was hacked, resulting in a loss of $624 million.
Sky Mavis has successfully recovered most of the funds lost in the hack, which will now be directed to Axie Infinity’s treasury.
Recent trends indicate a decrease in smart contract hacks, but a rise in hacks related to private keys.