The malicious developer has since returned all funds after the incident was discovered.
"All user funds are safe, lockdrops will not be enforced, all blast related rewards will be distributed as well," wrote Munchables developers.
Prominent blockchain sleuth ZachXBT has been onboarded as one of four custodians to a multi-sig wallet holding GameFi protocol Munchables' hacked user funds. "ZachXBT will be joining as the fourth signer on the multisig at this stage, completing the safe return of user funds," Munchables developers wrote in an April 1. Other custodians are Manifold Trading, Selini Capital, and Munchables itself. We will also be onboarding Nethermind to audit all our refreshed contracts before going live again," wrote Munchables staff in a statement.
For additional compensation, developers also teased"massive multiples on game rewards" for returning depositors. In addition, the platform will"re-release with NFT migration plans and additional features to be revealed soon." Meanwhile, custodians and users who helped thwart the attack will receive “ETH and future MUNCH donations” for their assistance in asset recovery.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Munchables Hacker Returns Stolen Crypto Funds Worth Over $62 MillionCrypto Blog
Read more »
Crypto losses due to hacks and scams hit $336 million in Q1: ImmunefiOrbit Bridge and Munchables were the top two exploits, accounting for 43% of the losses, though Munchables’ funds were later recovered.
Read more »
Munchables hacker returns $62.8M Ether without ransomAs Munchables was built on top of Blast, the blockchain will work with the Munchables team to help redistribute the stolen — now recovered — funds.
Read more »
Munchables Exploited for $62M, Hack Linked to Rogue North Korean Team MemberShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
The Munchables Hack Is Way Worse Than It SeemsDaniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.
Read more »
HSBC Brings Tokenized Gold to Hong Kong; Munchables Exploited for $62M'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as HSBC brings its tokenized gold product to Hong Kong, claiming bragging rights for being the first bank to create a blockchain-based real-world asset aimed at retail investors. Plus, Fetch.
Read more »