The Block Crypto News12 minutes ago

Published on March 27, 2024 00:06 GMT+00:00edited on March 27, 2024 00:09 GMT+00:00

The Blast-based web3 gaming platform Munchables lost over $60 million in a Tuesday exploit. 

Munchables noted on X that the platform had been compromised at 5:37 p.m. ET. Crypto sleuth ZachXBT found the exploiter's address moments later, revealing that the address contained nearly 17,411 ETH worth $62.5 million. The exploit constitutes one of the biggest losses thus far in 2024. 

"We are tracking movements and attempting to stop the transactions," Munchables wrote on X. "We will update as soon as we know more."

Munchables contained $95.62 million in total value locked (TVL) as of 4:00 p.m. ET on March 26 — about an hour and a half before the platform reported its exploit, according to the crypto data tracker DeFiLlama. Its TVL fell to around $34.08 million a few hours later.