Coinspeaker
Munchables NFT Hacker Returns All Funds without Taking Any Ransom

Ethereum-based non-fungible token (NFT) game Munchables faced a major exploit draining more than 17,400 ETH from the GameFi app on Tuesday, March 26. However, within eight hours of the hack, the Muchables hacker had a change of heart and decided to return the $62.8 million worth of stolen Ethereum without demanding any sort of ransom.

Popular for its bug-eyed digital creatures and lucrative rewards system, the Munchables gaming platform fell victim to a sophisticated attack that exploited the weakness in the platform’s infrastructure. The gaming platform initially scrambled to contain the fallout, however, it assured its stakeholders of initiating necessary action for the same.

In collaboration with blockchain investigators including PeckShield and ZachXBT, Munchables initiated efforts to trace the movement of the stolen funds with the goal of intercepting them. In an official statement, the NFT gaming platform noted:

“The Munchables developer has shared all private keys involved to assist in recovering the user funds. Specifically, the key which holds $62,535,441.24 USD, the key which holds 73 WETH, and the owner ke...