Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Many retail traders victims of Axie Infinity Hack are under no income issues

0
(0)
Cryptopia Account hacked

Many small-budget players at the Axie Infinity platform are facing some big issues because they are helpless to do anything at this moment to make earning for daily life.

The Axie Infinity blockchain game concept was introduced in the crypto industry in Q1 2018. At that time Axie Infinity was not at that level but from 2020 to 2021 it grabbed that level of traction and inflow of users, where no one project is standing. After the success of the Axie Infinity concept, many projects entered the crypto Industry as an alternative option but they failed to grab success like Axie Infinity.

In the last month on 23rd, the Axie Infinity ecosystem faced a hacking attack and lost around $620 million worth of crypto assets, which seems going to be the biggest hacking attack for this year. 

The main breach was associated with the Ronin network, where hackers attacked and stole the money by successfully exploiting the bridge. 

Through the play-to-earn game, many users were making small and big earnings in SLP and AXS tokens and after that, they were selling the tokens for fiat money. After the hacking attack, Sky Mavis claimed that they will try to recover the stolen funds and also has suspended the bridge to see if any more bugs or loopholes exist. 

In all these things, small budget players or low-income makers are under very big pressure because they are not able to move the funds. However, the gaming platform allows users to withdraw funds through Binance but it is not enough for all users because many of them lost funds and many of them are not able to move out without the use of Binance. 

Catherine Fleck, associate professor in computing and social responsibility at De Montfort University, commented on this matter and noted that fixing and delaying the bridge will surely negatively impact many users, especially small income generators. 

“Even a few days’ delays in refilling the bridge, that’s going to affect someone feeding their family or paying bills.”

Read also: Goldman Sachs is now has non-anti crypto stance

Many retail traders victims of Axie Infinity Hack are under no income issues

 

https://bitcoinik.com/many-retail-traders-victims-of-axie-infinity-hack-are-under-no-income-issues/feed/

https://bitcoinik.com/many-retail-traders-victims-of-axie-infinity-hack-are-under-no-income-issues/feed/

 

Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Don’t miss a thing, sign up for our newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

 

BINANCE - The Exchange with the Most Trading Volume in the Wold

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯

 

👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

https://cocacola66.vip/index/login/reg/invite_code/052091

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link
👇🏽

https://cocacola66.vip/index/login/reg/invite_code/052091

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎

----------------------------------------------------------------------------------------------------------------------------------------

TELEGRAM
Cryptonews24 Channel Chat