Sky Mavis CEO Accused Of Insider Buying and selling For Transferring $3M AXS To Binance

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Sky Mavis CEO, the unit behind the hit sport Axie Infinity, spoke out to clarify the switch of about 3 million USD in AXS to Binance earlier than revealing the historic Ronin hack on March 29. Denying insider buying and selling rumors.

Sky Mavis strives to beat the results

Mr. Trung Nguyen – CEO of Sky Mavis transferred the cash to attempt to save the corporate after the assault and assist present liquidity to customers. The switch was made earlier than Axie made the hack public. Early this morning, Anh Trung posted a tweet:

As a lot of , I choose to function behind the scenes, however there’s a story that dropped right this moment that I wish to deal with with the group, personally.

— Trung Nguyen (@trungfinity) July 28, 2022

In response to the posted content material, the corporate instantly contacted Binnace to repair it as quickly because the safety gap was found. The above cash switch motion to forestall brief sellers. The accusations towards the speculative firm of insider buying and selling are fully unfaithful.

Accordingly, that is a part of a sequence of crypto transfers from Axie-linked wallets tracked by an Axie person named Asobs. All of those wallets moved funds from the Ronin sidechain to centralized exchanges like Binance after the hack occurred. Nevertheless, up to now solely Sky Mavis CEO has confirmed and declined to remark when requested if the opposite wallets belong to the corporate’s jurisdiction.

As up to date in earlier Coincu Information articles, on March 29 the attacker took management of 5 of the 9 Ronin nodes and stole greater than 622 million USD. Sky Mavis then raised $150 million to repair the hack. After greater than 3 months of hiatus, the challenge has reopened the Ronin bridge and introduced that it has accomplished 100% of the compensation for victims of the assault. Sky Mavis continues to be hoping to get better the stolen property.

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