The Latest Breaking News from Axie Infinity

After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication:

A security breach that allowed hackers to swindle 173,600 Ether and 25.5 million USDC tokens in a $600 million hack of play-to-earn game Axie Infinity is making investors cautious about cryptocurrency, Bloomberg reported, citing Animoca Brands co-founder Yat Siu. The incident could alter the attitude and responsibilities of venture capitalists investing in crypto. Animoca is…

A roughly $600 million hack of software underpinning the popular play-to-earn game Axie Infinity is likely to change the attitude and responsibilities of venture capitalists investing in crypto, said Animoca Brands co-founder Yat Siu.

Ronin Network announced the breach through its official Substack — and it might be the largest decentralized finance hack of all time.

Over the past 24 hours, Axie Infinity's (CRYPTO: AXS) price has fallen 5.87% to $65.41. This is opposite to its positive trend over the past week where it has experienced a 24.0% gain, moving from $52.38 to its current price.

Ronin, an Ethereum-linked sidechain made by Sky Mavis specifically for Axie Infinity (CRYPTO: AXS), disclosed Tuesday a major security breach that led to the theft of about $620 million in cryptocurrency. 

Pulled from Benzinga Pro here's the list of the top crypto gainers and losers at the time of publication:

Axie Infinity (AXS) and Smooth Love Potion (SLP) — tokens attached to the popular non fungible token (NFT) game are soaring.

One of the most popular non-fungible token collections has passed an important milestone.

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

Manila (AFP) - Dominic Lumabi sits on the computer in his Manila bedroom pitting his puffer fish-like cartoon NFT characters against others.But this is not just a game -- he is earning cryptocurrency to support his family during the pandemic.