• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Munchables Announces Security Enhancements Following $63m Theft Incident

user avatar

by Giorgi Kostiuk

2 years ago


In light of the recent theft of nearly $62.5 million by an in-house developer, NFT game Munchables has revealed plans to prevent such incidents from happening again. The developer has made changes to the team structure and enlisted the help of reputable entities like Manifold Trading, Selini Capital, and ZachXBT to enhance the security of the project's funds and smart contracts. These entities will play a role in auditing and upgrading contracts as well as overseeing the developer hiring process. Nethermind will conduct a thorough audit of the revised contracts before the game is relaunched. In addition to improving security measures, Munchables has pledged to provide financial support to those involved in the recovery of stolen funds. Refunds will be distributed directly to users' wallets, and caution is advised against contacting separate websites for refunds. Despite security breaches in the crypto sphere amounting to losses of over $100 million in March, efforts have been made to recover a significant portion of the compromised funds. Munchables' incident was one of the highest-ranking security events in terms of value lost, amongst others such as the Curio hack and the Prisma Finance incident. Despite a reduction in losses from February, March's figures remain higher than those of January, signaling ongoing challenges in the security of the crypto market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Surges Above $82,000 Amid US-Iran Agreement Hopes

chest

Bitcoin's price rose above $82,000 as markets reacted to potential US-Iran agreement news.

user avatarSon Min-ho

Long-Term Projections for Bitcoin: Up to 29 Million by 2050

chest

Matthew Siegel has made a long-term projection suggesting that Bitcoin could climb to as much as 29 million per coin by 2050.

user avatarAyman Ben Youssef

US Bitcoin ETFs See $532 Million in Inflows Amid Market Recovery

chest

US spot Bitcoin ETFs saw a remarkable start with $532 million in single-day inflows, led by BlackRock's IBIT and Fidelity's FBTC.

user avatarTando Nkube

Privacy Researcher Reveals Chrome's Covert AI Model Download

chest

A privacy researcher reveals that Google Chrome is downloading a 4GB AI model named Gemini Nano without user consent, raising significant privacy concerns.

user avatarKofi Adjeman

Ethereum Network Hits Record Transaction Milestone

chest

Ethereum's transaction count reached a new high of 7.283 million in April, showcasing the network's growing adoption.

user avatarNguyen Van Long

Ethereum's Glamsterdam Upgrade Set to Transform Network Efficiency

chest

The upcoming Glamsterdam upgrade is expected to significantly enhance Ethereum's scalability and efficiency, marking a pivotal moment for the network.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.