Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, has successfully retrieved $5.7 million with the help of Norwegian authorities following the Ronin Bridge incident of 2022. Norway's Økokrim froze and returned the funds on June 7, with collaboration from law enforcement, lawyers, accountants, and blockchain forensic teams like Chainalysis. The recovered funds will go back to the Axie Infinity treasury, with a portion allocated for recovery expenses. Additionally, $40 million in digital assets have been frozen for future retrieval. Despite the costly security breach, Sky Mavis raised $150 million to compensate affected users and enhance Ronin blockchain security. The incident, involving a $612 million theft, highlights the importance of cybersecurity in the crypto space. Axie Infinity's resilience and collaboration with validators like Google Cloud have reinforced its position as a leading blockchain for NFTs. Read more AI-generated news on: https://app.chaingpt.org/news

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