Hackers Pilfer $62M from Ethereum-Based Game Munchables

Munchables, an NFT game built on Ethereum layer-2 Blast, has fallen victim to a $62 million exploit. The official Munchables X account announced the protocol compromise on March 26, leading to the identification of the attacker's wallet address, which holds over $62 million in Ether (ETH). The exploiter extracted 17,413 ETH from the Munchables protocol and transferred ETH through the Orbiter Bridge into native ETH. This ongoing story will be updated with additional details as they emerge.

Hackers Pilfer $62 Million from Ethereum Layer-2 Game Munchables

By Staff Reporter

New York—A malicious attack has siphoned $62 million worth of cryptocurrency from Munchables, a nonfungible token (NFT) game built on the Ethereum Layer-2 scaling solution Blast.

Announcing the breach via its official Twitter account on March 26 at 9:33 p.m. UTC, Munchables disclosed that its protocol had been compromised.

Blockchain analyst ZachXBT swiftly identified the wallet address of the alleged perpetrator, which currently holds a balance of $62.45 million in Ether (ETH), according to data from Blastscan.

Attacker's Movements

Blockchain records reveal that the attacker's wallet address interacted with the Munchables protocol at 9:26 a.m. UTC, extracting a total of 17,413 ETH, as per data from DeBank.

Subsequently, the wallet transferred $10,700 worth of ETH through the Orbiter Bridge, converting the Blast ETH back into native ETH. At 10:05 p.m. UTC, the wallet sent an additional 1 ETH to a new wallet address.

Munchables and Blast

Munchables is a GameFi application built on the nascent Ethereum Layer-2 Blast, empowering players to collect, trade, and forge relationships with their NFT creatures. The Munchables protocol enabled players to stake Blast ETH and Blast USD (USDB) to earn Blast points and gain access to exclusive in-game benefits.

Ongoing Investigation

As the investigation unfolds, additional details are expected to emerge. This developing story will continue to be monitored and updated as more information becomes available.