A cryptocurrency and NFT games company that was hacked for more than $540 million (£412 million) last month now says its customers will be reimbursed after it received an injection of cash.
Ronin Network’s platform was emptied by hackers on 23 March after they exploited a security flaw.
Approximately $400m of the stolen funds belonged to customers who won digital coins playing the game Axie Infinity.
After receiving an injection from cryptocurrency giant Binance, the company confirmed that all money would be safe.
Vietnam’s Sky Mavis, which runs the Ronin Network and Axie Infinity, has received $150 million from Binance.
It said the remaining amount owed to customers would be covered by cash reserves. With Ronin Network, players can exchange digital coins earned from games like Axie Infinity for cryptocurrencies such as Ethereum.
The company admitted it took it six days to notice that a hacker had generated $540 million worth of cryptocurrency to himself – by which time the coins had increased in value to $615 million.
A string of crypto heists worth well over $2 billion have occurred in the last year, making this the second largest hack in crypto history.