Axie Infinity Co-Founder’s Crypto Wallet Compromised, Losses Reach Nearly $10M

  beincrypto.com 6 h

Jeff Zirlin, co-founder of the popular blockchain-based game Axie Infinity, confirmed that his personal crypto wallets were compromised. The breach resulted in the loss of approximately $9.7 million worth of Ethereum (ETH).

This high-profile incident underscores the persistent vulnerabilities in the digital asset space despite a notable decrease in crypto-related crimes in 2023.

Crypto Whale Wallet Hacked and Drained

Zirlin took to Twitter to address the situation, stating,

“This has been a tough morning for me. Two of my addresses have been compromised.”

He emphasized that the crypto wallet hack was confined to his personal accounts and did not impact the operations of the Ronin chain or the activities of Sky Mavis, the company behind Axie Infinity.

“The attack is limited to my personal accounts, and has nothing to do with validation or operations of the Ronin chain,” he reassured.

Security analytics firm PeckShield, monitoring the situation, reported that a “whale wallet” linked to Zirlin had been breached. The attacker withdrew approximately 3,248 ETH from the Ronin Bridge and subsequently transferred to Tornado Cash.