Munchables exploited for $62.5 million, hacker agrees to return the funds

• Munchables, a Web3 project on the Blast blockchain, was exploited for $62.5 million by a developer on Wednesday.
• Researcher Zachxbt said the hacker made a profit of 17,400 Ether after investigating the attack. 
• The project announced that the developer has agreed to return user funds with no conditions. 

The developer of Munchables, a crypto game that suffered a hack of $62.5 million, will return the user funds stolen and make them whole, according to a statement from the project released Wednesday. Munchables, which is built on the layer-2 blockchain Blast, said a few hours earlier that it had been compromised.       

Munchables exploiter ready to return user funds.

Munchables was drained of $62.5 million in user funds, early on Wednesday.

The project acknowledged the hack in a tweet on X, and within hours shared an update on fund recovery. The Web3 game informed users that all funds are safe and no lockdrops will be imposed. 

The developer considered responsible for the exploit shared all private keys with the team and aided in the recovery of user funds. The key, which holds over $62.5 million and 73 Wrapped Ethereum (WETH), has been returned to the team and Munchables announced a recovery of user funds. 

Crypto researcher Zachxbt investigated the loss of user funds and said it identified links between a North Korean hacker and a developer associated with the Munchables project.

Users need to be aware of recovery links from spam accounts posing as Munchables and announcing refunds and giveaways. Here is the official tweet of the Web3 game: