“A strange trick” .. theft of cryptocurrencies worth 600 million dollars within an Internet game
A cryptocurrency startup that runs a popular online game called "Axie Infinity" says hackers have stolen more than $600 million in cryptocurrency.
Sky Mavis Ltd added that the hackers infiltrated part of the Ronin network, on which the game operates, and gained access to accounts holding cryptocurrency, and stole 173,600 Ethereum and 25.5 million USDC stablecoin, according to the website. Al Arabiya Net.
"The breach occurred through a method called social engineering, and not due to a technical flaw," the company's chief operating officer and co-founder Alexander Larsen said, according to the Wall Street Journal.
It is noteworthy that "social engineering" is a set of tricks and techniques used to deceive people into doing something or revealing confidential and personal information.
Social engineering is used without relying on any technology and only relying on fraud methods to obtain private information from the victim.
While users cannot now withdraw or deposit funds into the Ronin network, Larsen said Sky Mavis is committed to ensuring that all stolen funds are recovered or reimbursed.
The scam is the second-largest crypto hack ever, according to analytics firm Elliptic, and Sky Mavis shared a link showing that the stolen funds were still in the hacker's wallet.
The company said it was working with analytics firm Chainalysis to track the stolen funds.
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