The Latest Breaking News from Axie Infinity

A security breach that allowed hackers to swindle 173,600 Ether and 25.5 million USDC tokens in a $600 million hack of play-to-earn game Axie Infinity is making investors cautious about cryptocurrency, Bloomberg reported, citing Animoca Brands co-founder Yat Siu. The incident could alter the attitude and responsibilities of venture capitalists investing in crypto. Animoca is…

Ronin Network announced the breach through its official Substack — and it might be the largest decentralized finance hack of all time.

Over the past 24 hours, Axie Infinity's (CRYPTO: AXS) price has fallen 5.87% to $65.41. This is opposite to its positive trend over the past week where it has experienced a 24.0% gain, moving from $52.38 to its current price.

Ronin, an Ethereum-linked sidechain made by Sky Mavis specifically for Axie Infinity (CRYPTO: AXS), disclosed Tuesday a major security breach that led to the theft of about $620 million in cryptocurrency. 

Pulled from Benzinga Pro here's the list of the top crypto gainers and losers at the time of publication:

Axie Infinity (AXS) and Smooth Love Potion (SLP) — tokens attached to the popular non fungible token (NFT) game are soaring.

One of the most popular non-fungible token collections has passed an important milestone.

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

Some NFT assets held their value during January's crypto crash, but not the video game monsters in Axie Infinity.

Axie Infinity's (CRYPTO: AXS) price has decreased 7.52% over the past 24 hours to $45.89, continuing its downward trend over the past week of -28.0%, moving from $64.06 to its current price.

As the selloff in cryptos continues this week, the non-fungible token market remains strong, with healthy sales volume on OpenSea, an NFT marketplace for buying and selling items.