
Axie Infinity parent company Sky Mavis closed a $150 million round of funding led by Binance with participation from Animoca Brands, a16z, Dialectic and Paradigm. The round combined with Sky Mavis balance sheet funds, will be used to ensure that all users affected by the Ronin Validator Hack will be reimbursed. In addition, Binance has fully resumed deposits and withdrawals on the Ronin network; Ronin has added five new verification nodes to enhance security; and Katana, Ronin's DEX project, is back online.