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Home»Ethereum»A developer of munchables who has ties with the DPRK then returns 62.5 million dollars from Protocol

A developer of munchables who has ties with the DPRK then returns 62.5 million dollars from Protocol

Ethereum By Gavin27/03/2024
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Munchables member with alleged North Korean ties stole $60,000,000 in cryptocurrency from the project. After being exposed, the team member suddenly returned the money.

In Mar. 27, BlastMunchables is a gaming startup based out of. The company suffered an attack by hackers that resulted to a loss in Ethereum worth more than $62.5 Million.ETH).

Munchables acknowledges the involvement of a member of their team. own Members in an X post.

It has been discovered that Munchables was compromised. Our team is tracking the movements of the suspects and trying to halt the transaction. As soon as more information becomes available, we will provide an update.

— Munchables (@_munchables_) March 26, 2024

ZachXBT, the blockchain expert who posted the address of the hacker in a Telegram message that has been deleted now, said the attacker was a “DPRK IT Worker.” Pixelcraft Studios coder Dan revealed The hacker and his team began a dialogue in 2022 to discuss game development. workThe individual had raised the suspicions that he or she could have ties to North Korean hacker groups.

“We actually gave this guy try a trial hire back in 2022 to do some game dev work and he was sketchy af, definitely felt like he could be a NK [North Korea] hacker. We fired him within a month.” Coder Dan

The attacker was identified by blockchain analytics, which found multiple addresses that were associated with him. These include many on-chain traces from centralized exchanges, such as Binance MEXC and ChangeNOW.

The perpetrator returned all funds after revealing his identity to the public and conducting a series of investigations on the chain. The Munchables’ team confirmed The attacker has agreed to refund all stolen funds, without conditions. They stated also that the attacker had given all the relevant private keys in order to assist with the recovery of the user’s funds.

Munchables, a new decentralized financial (gamefi), gaming application that operates on the Ethereum Layer-2 network BlastThis allows the player to gain access to in-game content in the form non-fungible (NFTsThrough crypto-staking.


‎


“This article is not financial advice.”

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Source: crypto.news

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