👉👉👉 $62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded
On March 27, Munchables, a #Web3 gaming app on the Blast blockchain, faced an exploit where a former developer drained over 17,400 #Ethereum coins from the Munchables lock contract, worth over $60 million. However, the individual responsible agreed to return the stolen funds without a ransom demand.
Despite the exploit, Munchables assured users that their funds were secure and announced the implementation of lockdrops and continued distribution of Blast-related rewards.
Initially, there were concerns about the security breach, with reports speculating that a rogue developer might have gained admin-level access to the Munchables lock contract, possibly linked to North Korea.
However, Munchables later revealed that the former developer disclosed the private keys, facilitating the full recovery of the lost funds, totaling over $62 million. The developer chose to return all funds without requesting a ransom.
In response to the incident, the Munchables team advised developer teams to enhance their #Security measures and increase vigilance. They also received assistance from a user associated with Blast in safely returning the funds to users.
Source - news.bitcoin.com