tl;dr
In a shocking turn of events, the Ethereum Layer-2 NFT gaming platform Munchables suffered a security breach that resulted in the theft of $62.5 million worth of ETH. It was later revealed that the attack was an inside job, with one of the project's developers being responsible. The funds stolen wer...
In a shocking turn of events, the Ethereum Layer-2 NFT gaming platform Munchables suffered a security breach that resulted in the theft of $62.5 million worth of ETH. It was later revealed that the attack was an inside job, with one of the project's developers being responsible. The funds stolen were sent to a multi-sig wallet, and the developer, who had plotted the attack since deployment, ultimately returned the funds without asking for "compensation." The identity of the developer-turned-hacker revealed ties to North Korea's government, creating a thrilling tale of lies and deception in the world of cryptocurrency.
Yesterday, Munchables, a gaming platform powered by Blast, suffered a security breach that resulted in the theft of 17,400 ETH, worth around $62.5 million. Immediately after the announcement, crypto detective ZachXBT revealed the sum stolen and the address where the funds had been sent. It was later informed that the crypto heist had been an inside job instead of an external one, as one of the project’s developers seemed to be responsible. The exploit seemingly wasn’t “nothing complex” as it consisted of asking the contract for the stolen funds, pointing to a scheme carried out inside the project. The funds were sent to a multi-sig wallet, with the attacker eventually sharing all private keys with the Munchables team. The keys gave access to $62.5 million in ETH, 73 WETH, and the owner key, which contained the rest of the project’s funds, leading to a revealed tie to North Korea's government. This thriller ends with the crypto investigator’s response, threatening to destroy the developer and all his “other North Korean devs hard on-chain your country has another blackout."
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