Co-founder of Axie Infinity losses over $9.7 million worth of Ethereum to hackers

Jeff Zirlin, co-founder of Axie Infinity, has confirmed that his crypto wallets were compromised, resulting in a loss of $9.7 million worth of Ethereum.

The breach, which affected two of Zirlin’s addresses, was confined to his accounts and did not affect the Ronin chain or Sky Mavis’ operations. Security analytics firm PeckShield reported the breach first, involving a “whale wallet” linked to Zirlin.

Even if there has been a noticeable decline in crimes involving crypto in 2023, this event highlights the ongoing dangers in the digital asset industry.

Moreover, Jeff Zirlin made it clear that the crypto wallet hack only affected his personal accounts and had no bearing on what Sky Mavis, the business that created Axie Infinity, was up to or how the Ronin chain operated.

While keeping an eye on the situation, security analytics company PeckShield revealed that a “whale wallet” connected to Zirlin had also been compromised.

The attacker moved to Tornado Cash after withdrawing about 3,248 ETH from the Ronin Bridge.