Hacker returns $62.5 million stolen from decentralized finance project Munchables.
Funds returned unconditionally, with private keys shared for user fund recovery.
The hacker responsible for the largest security breach on the Ethereum Layer 2 network Blast returned the sum of $62.5 million stolen from DeFi project Munchables.
The incident, previously casting a dark cloud over Munchables, took an unexpected twist, reaffirming the resilience of blockchain technology and the strength of the crypto community.
Munchables became the victim of a sophisticated cyber-attack by a hacker. The exploiter was identified only by the cryptic address 0x6e8836f050a315611208a5cd7e228701563d09c5, resulting in a loss of 17,400 ETH, worth $62.5 million.
Cybersecurity sleuth ZachXBT meticulously documented the attack and linked it to core developers with ties to North Korea.
“Four different devs hired by the Munchables team and linked to the exploiter are likely all the same person as they recommended each other for the job, regularly transferred payments to the same two exchange deposit addresses, and funded each others wallets,” ZachXBT said.
The incident, previously casting a dark cloud over Munchables, took an unexpected twist, reaffirming the resilience of blockchain technology and the strength of the crypto community.
Cybersecurity sleuth ZachXBT meticulously documented the attack and linked it to core developers with ties to North Korea.