Venture capital firm a16z, Dialectic, Paradigm and Accel also participated in the round. The funds from the new round as well as Sky Mavis and Axie Infinity’s balance sheets will ensure affected users are reimbursed, the gaming firm said.
The Ronin attacker had pulled off the exploit by obtaining five of the nine validator keys that are responsible for securing the Ronin network. By holding a majority of the keys, the attacker was able to maliciously withdraw piles of cryptocurrency straight from the Ronin Bridge into a rogue Ethereum wallet.
“We strongly believe Sky Mavis will bring a lot of value and growth for the larger industry and we believe it’s necessary to support them as they work hard to resolve the recent incident,” Binance CEO “CZ” Changpeng Zhao said.
Binance also said on Wednesday that it has fully resumed deposits and withdrawals on the Ronin network after closing then partially resuming the service last week.
The attacker behind one of the biggest crypto hacks to date, had apparently moved 2000 ether to privacy tool Tornado Cash earlier this week.