Axie Infinity has been losing gamers before hack

Contrary to the content that gamers are leaving the fashionable play-to-earn crippled Axie Infinity due to the fact that of the caller hack, disposable accusation shows that the level had mislaid astir fractional of its users adjacent earlier the heist, Bloomberg News reported.

Axie Infinity loses gamers

In the week of March 28, CryptoSlate reported that Ronin Network, the span broadside concatenation that facilitates crypto transactions for the game, mislaid implicit $600 cardinal to hackers. 

This led to the developer temporarily suspending withdrawals for gamers connected the level starring to speculation that this mightiness person affected the fig of users connected the platform.

However, according to information provided by Sky Mavis, the developer down the play-to-earn project, the fig of its regular progressive users (DAUs) was falling adjacent earlier the March 23 heist.

Source: Bloomberg

Per the data, the crippled had mislaid astir 45% of its DAU, which was present astir 1.48 cardinal users. A acold outcry from its all-time precocious of implicit 8 cardinal users successful November 2021.

Explaining the slide

A information writer astatine Nansen, Martin Lee, opines that 1 of the factors down the driblet successful usage is the immense marketplace offsetting of the game’s autochthonal currency, Smooth-Love Potion (SLP), which happened successful December and led to a dip successful price. 

The diminution successful the players’ net & rewards inadvertently led to a driblet successful their interest. Lee further states that the terms diminution excessively created fearfulness for users who bought the currency astatine higher rates. Also, astir players are awaiting the game’s caller spot named “Origin,” which they anticipation volition revive the game. 

It is besides noteworthy that the platform’s inability to supply a timeline for repayment whitethorn further pb to a diminution successful players’ activity. arsenic they whitethorn nary longer spot the platform’s quality to retrieve the stolen funds, refund them, oregon adjacent their wide security. Players mightiness beryllium tempted to larboard to different identical games instead.

Hacker begins transferring assets

According to different CryptoSlate report, on-chain information shows that the hacker has begun moving immoderate of his stolen assets successful an effort to screen his tracks.

Per the report, the hacker transferred implicit 1,000 ETH to Tornado Cash, but determination are indications that the hacker mightiness not beryllium capable to person the assets into fiat due to the fact that lone centralized exchanges would person capable liquidity to tally specified amounts.