The Blast blockchain-based gaming platform Munchables was hit by a $62 million cyber attack.
Blast, one of the newest blockchains in the cryptocurrency market, witnessed the largest cyber attack in its ecosystem on March 26.
The attacker targeted the Web3 game platform Munchables and managed to steal 17,400 Ethereum valued at $62.5 million by exploiting a technical vulnerability.
The blockchain detective Zachxbt stated that the person who stole these assets was a core developer of Munchables. It was reported that this developer was a North Korean hacker who had been disguising himself for a long time and ultimately orchestrated this attack like a Trojan horse:
At the heart of the attack lay the fact that one of their developers was a North Korean hacker. The core developer had been disguising himself for quite some time. He gained the trust of the whole team and then ruthlessly attacked when the time was right.
He returned all the stolen cryptocurrencies!
The Munchables attacker decided to return the captured $62.5 million worth of Ethereum just hours later. Munchables shared an update revealing that the developer had agreed to unconditionally leave behind all the keys to Munchables’ assets.
According to DeBank data, the attacker transferred all the funds in several parts to Munchables team wallets.
In a statement made by the project team on social media, it was confirmed that the funds had been returned and all user assets were safe:
All user funds are safe, no locking will be applied, and all rewards related to Blast will be distributed. Stay tuned in the coming days for updates we will share.
0 Comment