Munchables Recovers $62 Million After Insider Exploit Linked to North Korea

A developer with alleged ties to North Korea returned the stolen funds, highlighting vulnerabilities in crypto project security.

Munchables, an Ethereum-based NFT game, recovered $62 million lost in an insider exploit carried out by a developer with alleged ties to North Korea.
The developer, known as 'Werewolves0943,' returned all funds after negotiations, highlighting vulnerabilities within crypto projects to insider threats.
Investigations suggest the exploit was premeditated, with the developer manipulating smart contracts to transfer funds.
The incident has reignited concerns over crypto's use in funding illicit activities, including North Korea's nuclear program.
Calls for a blockchain rollback to recover the stolen funds have sparked debate over the decentralization and security of Ethereum Layer 2 solutions.