- Axie Infinity price is on track to recover from its slump as Binance recovers stolen AXS funds across 86 accounts.
- Binance announces the recovery of $5.8 million in funds stolen in the $625 million exploit by the Lazarus Hackers group.
- Analysts believe Axie Infinity price could recover from the swing low, breaking out of its downward spiral.
Despite the recent pullback in Axie Infinity price, there is a rise in the number of holders of the gaming token. Analysts have revealed a bullish outlook on Axie Infinity, predicting recovery from the downtrend.
Axie Infinity could make a comeback as stolen funds are recovered
The Lazarus Group stole nearly $625 million in an attack on the Ronin Bridge. Several platforms have attempted to recover the stolen funds and reinstate them. The world’s largest crypto exchange Binance announced the successful recovery of $5.8 million spread across 86 accounts on its platform.
Chang Peng Zhao (CZ), the founder and CEO of Binance, revealed the news of fund recovery in a recent tweet.
The DPRK hacking group started to move their Axie Infinity stolen funds today. Part of it made to Binance, spread across over 86 accounts. $5.8M has been recovered. We done this many times for other projects in the past too. Stay #SAFU.
— CZ Binance (@cz_binance) April 22, 2022
