How many giant hacks can web3 afford?

Axie Infinity promised to cover its players' losses. Will the next compromised crypto platform do the same?

(Axie Infinity)

Programming note: Platformer will be off Thursday as I moderate a panel at The Atlantic’s Disinformation and the Erosion of Democracy conference in Chicago. Say hi if you’re around!

One reason I am drawn to stories about the world of cryptocurrencies is that the scale of their calamities, relative to the number of people who actually use t…