Fact checked by Vikki Velasquez What Is Axie Infinity? Axie Infinity is an online game that implements blockchain and cryptocurrency concepts to incentivize gameplay. It uses a play-to-earn model ...

The game's developer Sky Mavis was forced to acknowledge the hack and disable token withdrawal. But not before Trung Nguyen, the CEO and co-founder, transferred $3 million worth of AXS, Axie's ...

The Treasury Department confirmed the connection in a statement sent to PC Gamer, saying that the list was updated to include the virtual wallet associated with the Axie Infinity heist.