https://t.me/MomoAI_bot/app?startapp=IN1SWC_o2JXVq🚀 Free LuckyPot, earn tokens!🎁 Earn tokens with
Skip to content
AZC.News
BTC Coin BTC
-0.39%
ETH Coin ETH
-0.94%
USDT Coin USDT
-0.04%
BNB Coin BNB
-2.10%
SOL Coin SOL
-1.86%
XRP Coin XRP
-2.38%
USDC Coin USDC
-0.01%
DOGE Coin DOGE
3.12%
ADA Coin ADA
-1.24%
AVAX Coin AVAX
-4.11%
BTC Coin BTC
-0.39%
ETH Coin ETH
-0.94%
USDT Coin USDT
-0.04%
BNB Coin BNB
-2.10%
SOL Coin SOL
-1.86%
XRP Coin XRP
-2.38%
USDC Coin USDC
-0.01%
DOGE Coin DOGE
3.12%
ADA Coin ADA
-1.24%
AVAX Coin AVAX
-4.11%
Search...
Home > News
Published: 27/03/2024
-
Author: Kane
Web3 Game Munchables Loses $62.5 Million USD
Munchables, a game developed on layer-2 Blast, recently announced it was hacked by North Korean hackers, resulting in a loss of $62.5 million USD.
Azcnews Breaking
On March 27th, Web3 game Munchables built on layer-2 Blast announced a cyberattack resulting in a significant amount of assets being stolen. According to on-chain detective ZachXBT, the attack has caused Munchables to lose over 17,400 ETH, equivalent to $62.5 million USD.
ZachXBT suspects the mastermind behind the hack is a hacker with ties to North Korea – a country previously accused of attacking several major cryptocurrency projects such as Ronin Network, CoinEx, Stake, Atomic Wallet, and Harmony.
In the initial investigation, it was found that the hacker was hired by Munchables, allowing them to infiltrate and modify some lines of code in the smart contract to grant themselves withdrawal permissions.
However, the cryptocurrency community is debating whether Blast will accept reversing the hacked transactions to recover assets for Munchables or not.
The reason being that Blast is in phase 0 and heavily centralized in the development team. The bridge to this layer-2 is a multi-sig address instead of an actual smart contract. The management team could halt the bridge, upgrade the multi-sig wallet contract to disable the hacker’s actions. But this risks exposing Blast’s centralization, going against the decentralized philosophy of blockchain and setting a bad precedent.
Recently, another game project on Blast called Super Sushi Samurai also fell victim to an exploit, losing $4.6 million USD but was later promised reimbursement by a white hat hacker.
Munchables allows players to collect, trade virtual creature NFTs, and stake Blast ETH, Blast USD to earn points.
Related: Blast Releases Mainnet, Expected Airdrop Redemption Schedule
Munchables TVL
Before the hack, the total value locked in the project was $95.62 million USD, but it has now dropped to $34 million USD.
Tvl Munchables
Tvl Munchables
Read More
#Munchables
0.0/5
Love
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Twitter
Telegram
Name
Save my name, email, and website in this browser for the next time I comment.
LATEST
Azcnews Breaking
News | Bitcoin | Editor Choice 27/03/2024
Fifth Largest Bitcoin Whale Awakens After 5 Years
An address holding 94,500 BTC has suddenly become active again after being dormant for five years. With this amount of Bitcoin, the wallet ranks as the fifth-largest Bitcoin holder globally.
Azcnews Breaking
News | Editor Choice | Policy & Regulations 27/03/2024
Kucoin Faces FUD, KSC Price Plummets Instantly
Recently, the Kucoin exchange has been indicted by the U.S. Department of Justice for involvement in illegal trading activities, totaling up to $9 billion. Immediately after, the KCS token plummeted by 25%.
Azcnews (1)
News | Blockchain | Editor Choice | Policy & Regulations 27/03/2024
Coinbase Transfers Customer USDC to Ethereum L2
David Hoffman, co-host of the Bankless podcast, suggests that Coinbase's on-chain move paves the way for a future on-chain financial system.
Azcnews Breaking
AI | Altcoin | Editor Choice | News 27/03/2024
Tether Expands Investment Portfolio into AI Category
Tether, the largest stablecoin issuer in the cryptocurrency market, is planning to expand its operations into the field of artificial intelligence (AI) after making inroads into Bitcoin mining and P2P transaction infrastructure.
Azcnews (2)
News | Bitcoin | Editor Choice 27/03/2024
Tidal, Hashdex Announce Trading of Spot Bitcoin ETF
Hashdex has become the 11th Spot Bitcoin ETF traded in the United States, alongside other major funds led by BlackRock and Fidelity.
Top views
1
Ether.fi (ETHFI) Announces Token Airdrop
2
Short-Term Bitcoin Investors Have Reaped Profits
3
Guide to Participating in Eclipse Testnet
4
Binance Announces Listing of Book of Meme (BOME)
5
Bitcoin ETF Registers Weekly Inflow of $2.5 Billion
6
Receive Airdrop on Binance Web3 Wallet
7
Ethereum Dips Below $4000 But Signals Remain Positive
8
Join the Ton Airdrop on OKX Exchange
9
JMP Securities Forecasts Bitcoin Could Reach $280,000 USD
10
What is Merlin Chain? Information about MERL Token?
About AZC.News
ASkip to content
AZC.News
en EN
BTC Coin BTC
-0.39%
ETH Coin ETH
-0.94%
USDT Coin USDT
-0.04%
BNB Coin BNB
-2.10%
SOL Coin SOL
-1.86%
XRP Coin XRP
-2.38%
USDC Coin USDC
-0.01%
DOGE Coin DOGE
3.12%
ADA Coin ADA
-1.24%
AVAX Coin AVAX
-4.11%
BTC Coin BTC
-0.39%
ETH Coin ETH
-0.94%
USDT Coin USDT
-0.04%
BNB Coin BNB
-2.10%
SOL Coin SOL
-1.86%
XRP Coin XRP
-2.38%
USDC Coin USDC
-0.01%
DOGE Coin DOGE
3.12%
ADA Coin ADA
-1.24%
AVAX Coin AVAX
-4.11%
Search...
Home > News
Published: 27/03/2024
-
Author: Kane
Fifth Largest Bitcoin Whale Awakens After 5 Years
An address holding 94,500 BTC has suddenly become active again after being dormant for five years. With this amount of Bitcoin, the wallet ranks as the fifth-largest Bitcoin holder globally.
Azcnews Breaking
According to data from the on-chain tracking platform Arkham Intelligence, an address holding 94,500 Bitcoins (equivalent to $6.6 billion USD at present) has unexpectedly sprung into action after years of dormancy.
Specifically, in 2019, this wallet address received a massive amount of Bitcoin worth $6.6 billion USD at current prices. This substantial sum had remained dormant in the wallet until this past weekend when it was suddenly split and transferred to new addresses. Currently, the original wallet address holds only 1.4 Bitcoins (approximately $99,000 USD).
37X moved almost its ENTIRE BALANCE of 94.5K BTC ($6.05B) in the early hours of Saturday 23rd March, leaving only 1.4 BTC in the address.
The 94.5K BTC had not been moved since 37X… pic.twitter.com/mAjpg0oqnD
— Arkham (@ArkhamIntel) March 25, 2024
The wallet owner divided the Bitcoin into two portions, with one portion sent intact to a new wallet and the other portion further divided and sent to two additional wallets. As a result, the entire 94,500 BTC is now spread across three separate wallets – one containing $5 billion USD worth of Bitcoin, and the remaining two wallets evenly distributing the remaining Bitcoin.
Miguel Morel, CEO of Arkham, stated:
Most large Bitcoin-holding wallets are typically associated with restructuring activities or the movement of storage reserves for exchanges. However, this wallet has very little transaction activity and shows no signs of association with any exchange.
Notably, with a Bitcoin holding of 94,500 BTC, the owner of this wallet ranks fifth among the wealthiest individuals/organizations holding Bitcoin worldwide. Previously, Arkham has identified the largest Bitcoin “whales” as leading platforms or companies such as Coinbase, Grayscale, Robinhood, Tether, MicroStrategy, Tesla, SpaceX, and Marathon Digital Holdings.
This is the first significant movement of Bitcoin by an individual wallet in recent times. The most recent activity was in January 2024 when an anonymous wallet sent 27 BTC to Satoshi Nakamoto’s original address. In November 2023, three other dormant Bitcoin wallets since 2017 also became active and transferred around 7,000 BTC to the Bitfinex exchange.
Related: Standard Chartered Forecasts Bitcoin to Rise to $250,000
Bitcoin Market Reaction to the News
This activity has not had a significant impact on the Bitcoin price in the market. Currently, Bitcoin is still trading around the $70,000 mark.
Chart Bitcoin (2)Read More
#Bitcoin
0.0/5
Love
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Twitter
Telegram
Name
Save my name, email, and website in this browser for the next time I comment.
LATEST
Azcnews Breaking
News | Altcoin | Editor Choice 27/03/2024
Web3 Game Munchables Loses $62.5 Million USD
Munchables, a game developed on layer-2 Blast, recently announced it was hacked by North Korean hackers, resulting in a loss of $62.5 million USD.
Azcnews Breaking
News | Editor Choice | Policy & Regulations 27/03/2024
Kucoin Faces FUD, KSC Price Plummets Instantly
Recently, the Kucoin exchange has been indicted by the U.S. Department of Justice for involvement in illegal trading activities, totaling up to $9 billion. Immediately after, the KCS token plummeted by 25%.
Azcnews (1)
News | Blockchain | Editor Choice | Policy & Regulations 27/03/2024
Coinbase Transfers Customer USDC to Ethereum L2
David Hoffman, co-host of the Bankless podcast, suggests that Coinbase's on-chain move paves the way for a future on-chain financial system.
Azcnews Breaking
AI | Altcoin | Editor Choice | News 27/03/2024
Tether Expands Investment Portfolio into AI Category
Tether, the largest stablecoin issuer in the cryptocurrency market, is planning to expand its operations into the field of artificial intelligence (AI) after making inroads into Bitcoin mining and P2P transaction infrastructure.
Azcnews (2)
News | Bitcoin | Editor Choice 27/03/2024
Tidal, Hashdex Announce Trading of Spot Bitcoin ETF
Hashdex has become the 11th Spot Bitcoin ETF traded in the United States, alongside other major funds led by BlackRock and Fidelity.
Top views
1
Ether.fi (ETHFI) Announces Token Airdrop
2
Short-Term Bitcoin Investors Have Reaped Profits
3
Guide to Participating in Eclipse Testnet
4
Binance Announces Listing of Book of Meme (BOME)
5
Bitcoin ETF Registers Weekly Inflow of $2.5 Billion
6
Receive Airdrop on Binance Web3 Wallet
7
Ethereum Dips Below $4000 But Signals Remain Positive
8
Join the Ton Airdrop on OKX Exchange
9
JMP Securities Forecasts Bitcoin Could Reach $280,000 USD
10
What is Merlin Chain? Information about MERL Token?
About AZC.News
About Us
Contact Us
Privacy Policy
Terms of Services
Market
Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge
Research
Glossary
Earn
Airdrop
Social Community
Copyright 2024 © AZ Coinerbout Us
Contact Us
Privacy Policy
Terms of Services
Market
Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge
Research
Glossary
Earn
Airdrop
Social Community
