A game called Munchables, which is built on the Ethereum Layer-2 platform, was exploited, resulting in a loss of nearly 17,000 ETH, equivalent to $62 million. Munchables announced the compromise on March 27 and stated that they are actively monitoring the exploiter's movements and trying to halt any further transactions. They have also advised users to remain calm.

Blockchain analyst ZachXBT revealed that the attacker's wallet address contains $62.45 million in Ether, according to Blastscan. The exploiter interacted with the Munchables protocol, extracting 17,413 ETH and converting it back to native ETH through the Orbiter Bridge.

The exploit was allegedly executed by a North Korean developer known as "Werewolves0943," who was hired by Munchables. The Solidity developer 0xQuit explained that the attacker assigned himself a large Ether balance before changing the contract implementation to appear legitimate and withdrew the funds once the TVL increased.

Munchables has set up a compensatory treasury pool to reimburse users who had deposited ETH. Users are required to confirm their eligibility to reclaim their funds via a provided link.

Munchables is a GameFi app based on Blast with NFT creatures, allowing players to stake Blast ETH and USDB for points and rewards. There have been calls for the Blast team to roll back the chain to undo the exploit, but some argue against centralized intervention, stating that it goes against the ethos of decentralized networks.