On Tuesday a big news spread allover the internet that Munchables lost over 62$ on blast network.Aww that was a big news .First lets know about Munchables and Blast network.
Munchables, a web3 gaming platform based on the Ethereum Layer 2 Blast.
Blast network is an Ethereum Layer 2 founded by Tieshun Roquerre, who also founded NFT marketplace Blur.
Munchables itself stated through X that the platform had been compromised and suffered a notable transaction by a wallet address contained nearly 17,411 ETH worth $62.5M.
Munchables reported on X (statement copied).
"We are tracking movements and attempting to stop the transactions, We will update as soon as we know more."
Munchables contained $95.62 million in total value locked (TVL) about an hour and a half before the platform reported its exploit, resources fingered to a Korean address to be guilty but till the investigations are continued nothing can be judge, also must wait for an official proper report to be unveiled by Munchables.
As far as ,in 2024 it is the first huge digital loss that is reported.
Let's wait for further progress in this case .
