8 months ago
45 ARTICLE AD
After efforts from ZachXBT, Pacman and Munchables’ team, the developer who exploited the protocol returned the funds.
The exploit of the Web3 gaming application Munchables ended well on Mar. 27, as the developer behind the attack agreed to give back the over $62 million drained with no bounty charges. The funds are now being held in a multi-signature wallet secured by the core contributors of Blast, the blockchain where the game was deployed.
Pacman, the figure behind Blast infrastructure, publicly thanked the blockchain detective who goes by the alias ZachXBT on X, highlighting his support “behind the scenes.” The exploit consisted of a developer from the Munchables team refusing to give the keys to the smart contract holding the protocol’s $97 million holdings.
Moreover, ZachXBT pointed out that four other developers hired by Munchables were linked to the exploiter, and they all were likely the same person. The evidence used to back ZachXBT’s allegations was the fact that the four developers recommended each other for the job, and they regularly transferred payments to the same two exchange deposit addresses, which funded each other’s wallets.
Gaming applications built on Blast made the headlines in the past week, as another recent exploit took place on the same blockchain. As reported by Crypto Briefing, the game Super Sushi Samurai (SSS) got hit with a $4.6 million exploit on Mar. 21.
The exploiter purchased 690 million SSS tokens and transferred them to an attack contract, doubling the tokens 25 times to end up with 11.5 trillion and swapping them for 1,310 Ether (ETH).
However, the attack was conducted by a white hat hacker, who agreed to return the funds to the SSS team. In turn, the protocol gave a 5% fee to the hacker as a bounty for revealing the vulnerability.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing's own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
