Blast NFT Game Munchables Recovers $62 Million Stolen in Exploit

NFT game Munchables, which is on recently launched Ethereum Layer 2 Blast, lost $62 million last night in an exploit. But early this morning the team had good news for its community: "All funds are safe."

All user funds are safe, lockdrops will not be enforced, all blast related rewards will be distributed as well. Updates to follow in the coming days. https://t.co/ZukNfTFTWf

— Munchables (@_munchables_) March 27, 2024

Very early this morning, the Munchables team said on Twitter that a developer attached to the project had "agreed to share the keys for the full Munchables funds without any condition." The wording in the team's message and another by Blur and Blast founder, Tieshun Roquerre, seems to confirm that the exploit was carried out by an insider who worked on the game.

Within an hour of the tepidly good news, the Munchables account said the developer had "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 key which contains the rest of the funds."

$97m has been secured in a multisig by Blast core contributors. Took an incredible lift in the background but I’m grateful the ex munchables dev opted to return all funds in the end without any ransom required. @_munchables_ and protocols integrating with it like @juice_finance…

— Pacman | Blur + Blast (@PacmanBlur) March 27, 2024

What's more, Blast has been gearing up for a $1.3 billion airdrop in May.  Earlier this year, the team behind Blast released a guide on how users and developers can earn Blast Points for using or building on the L2.

The developer for SLERF, the Solana meme coin project that accidentally burnt $10 million worth of presale funds just as it launched, seemed relieved to have the spotlight off their gaffe.

Oh fuck

— Slerf (@Slerfsol) March 26, 2024