There was the branded swag, the free drinks and the mingling. But something was amiss at the Axie Infinity meet-up at Pattern Bar in Downtown LA.
Earlier in the day, Axie Infinity, the play-to-earn crypto game in which players collect digital pets known as “Axies,” had announced that the Ronin Network, the crypto network that helps power the game, was the victim of a hack of $625 million — a monumental amount, even in the era of mega crypto heists. The Ronin Network was developed by Axie Infinity publisher Sky Mavis.
Even worse, March 29, the day of the hack’s announcement, was supposed to be a banner day for the popular crypto company.