Axie Infinity CEO Denies Claims Of Insider Trading; Game Token’s Value Down To Zero

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Trung Nguyen, co-founder and CEO of Axie Infinity, has refuted allegations that he engaged in insider trading just before the game’s parent company, Sky Mavis, disclosed a $600 million hack. Between the March attack and the revelation, Bloomberg reports that a wallet linked to Nguyen transferred almost 50,000 AXS tokens, worth approximately $3 million, from the Ronin blockchain to Binance. After Bloomberg shared its on-chain research with the Vietnam-based game maker Sky Mavis, a spokesman ...

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