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CryptoIntelligence 2024-04-01 03:59:00

Munchables Developer Returns $62.8 Million in Stolen Ether, Resolving Hack Without Ransom

In a remarkable turn of events, the Munchables game, an Ethereum-based NFT venture, witnessed the return of $62.8 million in Ether, previously stolen in a security breach, without the demand for a ransom. This unexpected resolution unfolded over nearly eight hours when a Munchables developer, initially responsible for the exploit, decided to return the pilfered funds. The breach was reported on March 26, around 9:30 pm UTC, resulting in a loss of over 17,400 ETH from the GameFi application. Following the incident, Munchables collaborated with blockchain security experts, including PeckShield and ZachXBT, to trace the stolen assets in hopes of

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