News from Munchables Days after losing and recovering roughly $62.5 million from a rogue in-house developer, nonfungible token (NFT) game Munchables has announced an approach to avoid repeating the event.
On March 26, an Ethereum-based NFT game called Munchables was plundered of almost 17,400 Ether by a hacker who was later recognized as a developer. The situation calmed down shortly when the developer agreed to refund the stolen funds without demanding a ransom.
While Munchables narrowly avoided a massive loss, the developer has revealed that it is now implementing a number of modifications to “upgrade the security of the project’s funds and smart contracts.”
One of the methods is to add investment company Manifold Trading, market maker Selini Capital, and blockchain investigator ZachXBT as new multisig signers to assure the safe return of users’ assets.
Munchables said that developers from Manifold Trading and Selini Capital will re-audit and upgrade to new contracts, as well as monitor Munchables’ future dev hiring process.
Nethermind, an Ethereum infrastructure firm, plans to thoroughly audit the revised contracts before Munchables goes live again.
After the game’s relaunch, returning players will be eligible for higher awards. The platform has also promised to provide financial assistance to those involved in the recovery effort.
