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.
Munchables Announces Security Enhancements Following $63m Theft Incident

by Giorgi Kostiuk
2 years ago
Made with AI
Tier I
Sector: #18291
Sealed Cache Room

Resource Cache
Tier I

Meme Cache
Tier I

Equipment Cache
Tier I
After collecting, caches will be stored in your inventory and can be opened with Keys.
Tier I
Sector: #18291
25%
50%
75%
100%
Survivors rescued:
0 / 600
Survivors
0/0
Other news
AI Agents Execute 33 Million USDC Payments on Solana's x402 Protocol

AI agents have executed 33 million USDC in payments over the x402 protocol on Solana in just one week, showcasing a new use case for machine-to-machine payments with stablecoins.

Solana Validators Vote on Governance Proposal SGP0003

Validators on the Solana network are voting on governance proposal SGP0003, which aims to restructure the fee model and potentially increase daily SOL burns.

Trump's New Memo Aims to Revolutionize US Space Launches

US President Donald Trump signed a memo aimed at increasing the number of commercial space launches to at least 1,000 annually by 2030.

Space Stocks Decline as Market Reacts to Trump's Memo

Space stocks, including SpaceX and AST SpaceMobile, declined by 3% as the market reacted to Trump's memo on increasing US commercial space launches.

Rocket Lab's Shares Surge Amid Market Challenges

Rocket Lab is experiencing a surge in its stock performance, tracking its best monthly results since May, following a key preflight testing milestone for its reusable fairing.

New Report Released Using Primary Source Materials.

The report is based on information released in disclosures at primary source documentation, aiming to provide accurate and reliable information to the audience.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter




