EddieJayonCrypto
27 Mar 24
Web3 project Munchables was drained of an estimated $62.5 million worth of ether (ETH) early Wednesday after a contract was maliciously manipulated, blockchain data shows. The attacker manipulated a contract and transferred stored user funds before upgrading the platform’s smart contracts. The incid...
Web3 project Munchables was drained of an estimated $62.5 million worth of ether (ETH) early Wednesday after a contract was maliciously manipulated, blockchain data shows. The attacker manipulated a contract and transferred stored user funds before upgrading the platform’s smart contracts. The incident prompted discussions about the possibility of a chain rollback to recover the funds.
The attacker was linked to North Korea, with the hacking group allegedly stealing $3 billion worth of tokens since 2017. Calls for a chain rollback to recover the funds are now being made in the crypto community. A blockchain rollback reverses a series of confirmed transactions, typically done to undo the effects of a hack or other malicious activity that resulted in the theft of funds or other assets.
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