[tomatowurst]

Or malicious...similar to the DAO hack from 2017 suspected of being an inside job (with evidence pointing to the insider who lawyered up to refute it with code-is-law argument), somebody was accountable for security and they deemed it not worth it to secure it.

Axie Infinity was already struggling, and this happens a day or two away from scheduled distribution of rewards & update release.

Cui bono? Who could've known they were carrying funds in a hot wallet other than the people directly involved with the project? Unless there was a way to discover this from the outside?

Somebody at Axie Infinity could have been asking whether they want to get paid 0.025% of that hot wallet yearly or have it all up front, today. After all it isn't cash sitting at a bank they have to rob.

[jazzyjackson]

Agreed, the system was designed to say "oops, we lost all of your money, how could this have happened"