Axie Infinity HACKED for $625 Million

Short Summary

The video discusses the biggest heist of all time involving Axie Infinity, where hackers stole 5 million from the game’s developer, Sky Mavis. The incident was primarily facilitated by a security vulnerability stemming from an employee downloading malware onto their work device, which allowed hackers to gain control over the majority of the bridge’s validating computers.

Key Points

  • The heist involved 5 million stolen from Axie Infinity, created by Sky Mavis.
  • An employee of Sky Mavis downloaded malware onto their work device.
  • The bridge was operated by a total of nine computers, of which Sky Mavis controlled only four.
  • The hackers needed to gain control of just one additional computer to achieve majority control.
  • Sky Mavis had outsourced five validating computers to external companies.
  • One outsourced company provided temporary access to its validator, which was never revoked.
  • The hackers exploited this oversight to gain access to the fifth computer, allowing them to take control of the bridge and the funds.

Youtube Channel: Jack Rhysider
Video Published: 2024-08-24T18:00:39+00:00

Video Description:
Axie Infinity HACKED for $625 Million

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