Sky Mavis Offers Up to $1 Million in Bug Bounty After Losing $625 Million in Major Hack
Sky Mavis, the developer studio of popular NFT game Axie Infinity, is ramping up efforts to secure its networks. The firm is offering up to $1 million (roughly Rs. 7.5 crore) as a bug bounty to developers who could identify security loopholes in its networks. The step follows a mega hack incident that drained Sky Mavis's Ronin Network out of $625 million (roughly Rs. 4,729 crore). The Ronin Network is an Ethereum-linked sidechain built by Sky Mavis for blockchain gaming specifically.In a detailed blog, Sky Mavis has…