CDS Crypto News Munchables Overhauls Security Measures Post 68M Dollars Heist: Multisig, Contracts, and Hiring Revamped
Crypto News

Munchables Overhauls Security Measures Post 68M Dollars Heist: Multisig, Contracts, and Hiring Revamped

Munchables is ramping up its multisig onboarding process, conducting thorough smart contract reaudits, and scrutinizing its developer hiring procedures to avert a potential disaster narrowly avoided last week.

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Munchables Overhauls Security Measures Post 68M Dollars Heist: Multisig, Contracts, and Hiring Revamped

Crypto News- After the nail-biting saga of Munchables losing and then miraculously recovering $63 million, the NFT game platform isn’t taking any chances. Following the breach on March 26th, where over 17,400 Ether was siphoned off by an insider, Munchables is rolling out a comprehensive security upgrade.

Munchables Overhauls Security Measures Post 68M Dollars Heist: Multisig, Contracts, and Hiring Revamped

In a bid to fortify against future mishaps, Munchables is enlisting the expertise of investment firm Manifold Trading, market maker Selini Capital, and blockchain investigator ZachXBT as additional multisig signers. These guardians of the treasury will ensure the safety of users’ funds, adding an extra layer of protection.

Moreover, Manifold Trading and Selini Capital developers will conduct a thorough audit of Munchables’ contracts and supervise the recruitment of developers, tightening the reins on potential threats.

To further bolster security, Ethereum infrastructure firm Nethermind will conduct an extensive audit of the revamped contracts before Munchables reopens its doors to gamers.

Rewards and Recognition: Munchables Honors Gamers and Contributors Amidst Security Overhaul

But it’s not just about security upgrades; Munchables is rewarding its loyal gamers with increased rewards upon the platform’s relaunch. And to express gratitude, financial support is extended to those instrumental in recovering the stolen funds.

As a precautionary measure, Munchables advises users against engaging with refund claim websites, assuring direct refunds to their wallets. This warning comes amidst a surge in hacking incidents in March, totaling nearly $100 million in losses. However, the silver lining is that over half of the pilfered funds were eventually returned.

The Munchables breach joins the ranks of other notable security incidents in March, serving as a stark reminder of the importance of robust cybersecurity measures in the burgeoning crypto landscape.

Munchables Overhauls Security Measures Post 68M Dollars Heist: Multisig, Contracts, and Hiring Revamped

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