Binance among investors to bail out victims of $615-mn heist

Crypto exchange Binance is leading investors' contribution to a bailout of victims of a $615-million digital coin theft, the company targeted in the heist said on Wednesday.

The Vietnam-based company Sky Mavis, which runs the game Axie Infinity, said last week it had been hit by one of the largest crypto heists on record, leaving users unable to withdraw their money from the game.

Sky Mavis said it would reimburse the lost money through a combination of its own balance sheet funds and $150 million raised by investors including cryptocurrency exchange Binance and venture capital firm a16z.

"Sky Mavis is