Binance cuts investment in Sky Mavis after historic hack
Binance is no longer leading the fundraise for Axie Infinity creator, Sky Mavis, according to The Block.
Since April, Sky Mavis has been able to both stabilize and recover funds. As a result, Sky Mavis is now in a position to cover users’ funds without significant investment from Binance. For this reason, Binance will no longer be the lead investor in Sky Mavis, according to a Binance spokesperson.