Axie Infinity has delayed the launch of its highly anticipated play-to-earn game – Origin – until April 7 due to the high-profile security breach on Ronin.
Axie Infinity has announced that it is delaying the launch of its highly anticipated play-to-earn game – Origin – after what appears to be the biggest hack in DeFi history.
According to the post on substack, Axie Infinity: Origin will go live on the Mavis Hub on April 7. Originally, the launch was scheduled for March 31.
Axie Infinity: Origin
After the major security breach, Axie stated that the platform should re-prioritize its efforts and delay the launch date by a week. While the game is set for a soft launch, this move would give the engineering and security team additional time to thoroughly investigate all implications of the breach before drawing their full attention to support Origin’s release.
While the game is set for a soft launch, we’ve decided to give the engineering and security team a little more time to investigate all the effects of the security breach before focusing on supporting Origin’s release.
The announcement also read,
“Thursday, April 7 – Origin will be available for download through Mavis Hub! We’re incredibly excited to get Origin into the hands of our community! While we can’t share it with you as planned today, we hope the deluge of videos and content we’ve prepared will help you prepare once it’s available next week.”
Ronin Exploit and Aftermath
As reported by CryptoPotato, the exploit, which actually happened a week ago, hit Ronin’s validator nodes for Sky Mavis, who happens to be the publisher of the popular Axie Infinity game and the Axie DAO. The hacker allegedly used hacked private keys to falsify fake recordings of the Ronin Bridge over two transactions.
More than $624 million worth of Ethereum and USDC were used up in the process. According to Chris Larsen, co-founder of Ripple, much of the stolen money belonged to Axie players and included Axie Infinity’s Treasury Revenue.
Sky Mavis has promised to compensate the victims. Ronin Network, on the other hand, has revealed that he is working with Chainalysis to track down the stolen funds and CrowdStrike to focus on forensics. While it claimed the breach was external, it added that “all evidence points to this attack being socially designed” rather than a technical error.