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Hackers have stolen cryptocurrency worth $625 million from a digital ledger used by players of the popular block-chain based online game Axie Infinity in the biggest digital cash thefts ever.</p>
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The team at Sky Mavis, maker of battle and trading game Axie Infinity, discovered the security breach on Tuesday after a user was unable to withdraw ether, according to the company.</p>
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Ronin Network said the attack targeting its blockchain netted 173,600 ether worth about $600 million and $25.5 million worth of stablecoin, a digital asset pegged to the US dollar.</p>
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&quot;Most of the hacked funds are still in the hacker&#39;s wallet,&quot; Ronin said in a post revealing the theft.</p>
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Ronin was still investigating the hack, but said that hackers got hold of private &quot;keys&quot; to withdraw digital funds.</p>
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&quot;We are working with law enforcement officials, forensic cryptographers, and our investors to make sure there is no loss of user funds&rdquo; Ronin said.</p>
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Axie Infinity is an online game started in 2018 in which people collect and create mythical creatures and then battle them against other users. It uses non-fungible tokens to track ownership and reward users for playing. It is run by Sky Mavis, a Vietnam-based game developer that has attracted high-profile investment from the venture capital firm Andreessen Horowitz and Dallas Mavericks owner Mark Cuban.</p>
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The Philippines accounts for about 35 percent of Axie Infinity traffic&nbsp; and the biggest share of its 2.5 million daily active users. The country&rsquo;s good command of the English language, strong gaming culture and smartphone usage have contributed to the game&rsquo;s soaring popularity, according to Sky Mavis.</p>
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