Axie Infinity
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 38 → 56. Problems weighed by who is responsible: incidents the subject suffered −20, concerns that are not fraud −6, problems around the subject, caused by others −2.6; legitimacy credit long-running +10. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -6 |
| Incidents it suffered (e.g. hacks) | -20 |
| Problems around it, caused by others | -2.6 |
| Long-running | +10 |
| Sum | 46 |
Score: 56/100 (kept between 0 and 100)
How scoring works →Summary
Axie Infinity is a blockchain-based play-to-earn NFT game developed by Vietnam-based Sky Mavis in which players collect, breed, and battle digital creatures called Axies on the Ronin sidechain. In March 2022 the game's underlying Ronin bridge was exploited for 173,600 ETH and 25.5 million USDC — approximately $625 million at the time — in what the US Treasury and FBI attributed to North Korea's Lazarus Group, making it the largest DeFi hack in history at that point. Sky Mavis subsequently raised $150 million to compensate affected users, hardened the Ronin validator set, and pivoted the game toward a land-based expansion called Homeland, though token prices and player counts have not recovered to 2021 peak levels.
Connected Entities
8 entities · 59 linked investigations- Ronin Bridge→mentioned with→Chainlink(70%)
- Ronin Bridge→mentioned with→Ethereum(80%)
- Ronin Bridge→mentioned with→Binance(65%)
- Axie Infinity→mentioned with→Binance(70%)
- Axie Infinity→mentioned with→Chainlink(60%)
- Binance→mentioned with→Ethereum(65%)
- Axie Infinity→mentioned with→Ronin Bridge(90%)
- Axie Infinity→mentioned with→Ethereum(80%)
- Axie Infinity→mentioned with→Pokemon(60%)
- Chainlink→mentioned with→Ethereum(65%)
- + 13 more
Timeline(18 events)
2017
Conceptual development of Axie Infinity begins by Trung Nguyen and co-founders in Vietnam.
Axie Infinity WikipediaMarch 2018
Axie Infinity officially launches; Sky Mavis formally incorporated.
Axie Infinity WikipediaJune 2021
Daily active users surpass one million; Filipino players begin treating AXS/SLP earnings as primary income.
Decrypt — What Is Axie Infinity?5 October 2021
Sky Mavis raises $152 million Series B led by Andreessen Horowitz at a $3 billion valuation.
The Block6 November 2021
AXS token reaches all-time high of approximately $165; daily active users peak near 2.7 million.
CoinGecko / CoinLore historical dataNovember 2021
Sky Mavis grants Axie DAO temporary RPC node allowlist access to distribute gas-free transactions during peak load.
Ronin Security Breach PostmortemDecember 2021
Gas-free transaction arrangement with Axie DAO is discontinued, but allowlist access is not revoked — leaving a backdoor.
Ronin Security Breach Postmortem8 February 2022
Sky Mavis reduces SLP emissions, warning publicly of risk of 'total and permanent economic collapse' in the Axie economy.
CoinDesk23 March 2022
Lazarus Group exploits the Ronin bridge, stealing 173,600 ETH and 25.5 million USDC (~$625 million) via five compromised validator keys.
Ronin Chain Community Alert29 March 2022
Breach is discovered after a user reports inability to withdraw 5,000 ETH. Sky Mavis publicly discloses the hack and pauses the Ronin bridge and Katana DEX.
Ronin Chain Community Alert6 April 2022
Sky Mavis announces $150 million fundraise led by Binance, with a16z, Paradigm, Animoca, Dialectic, and Accel, to compensate affected users.
TechCrunch14 April 2022
US Treasury OFAC sanctions Ethereum address 0x098B716B8Aaf21512996dC57EB0615e2383E2f96, formally attributing the Ronin hack to North Korea's Lazarus Group.
TechCrunch / CyberScoopJune 2022
Ronin bridge relaunches after security audits; validator set expanded toward 21 nodes. All affected user funds reimbursed by Sky Mavis.
DappRadar8 August 2022
OFAC sanctions Tornado Cash, in part citing its use to launder approximately $455 million stolen in the Ronin hack.
ChainalysisAugust 2022
Ronin validator count reaches 17 as Sky Mavis continues expanding the validator set.
DappRadar17 May 2023
Sky Mavis releases NFT-optional mobile version of Axie Infinity, removing the mandatory three-Axie purchase barrier to entry.
Fortune2024
Axie Infinity: Homeland releases in beta — a land-based city-building experience with broader accessibility and reduced pay-to-enter requirements.
GAM3S.GG15 April 2024
Bounty Board quest system launches, driving approximately 37,000 new unique users and a reported 200% spike in audience engagement.
BlockchainGamer.bizDecision Log
- slot 455367454 · hash 2osWWZzv17XUg4mcHb1CLXfMevgokHdjXNVrJhdkZT8K
- slot 423161303 · hash ESYdma9UW3ZDw6Ka48pz7YSmXrx4Z8yUzUmBSe2tULmm
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 21 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-5
generated: 5/30/2026, 1:00:36 PM
last updated: 10/10/2026, 6:47:30 PM
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