Posted 3/27/2024, 5:47:00 PM
Munchables Developer With North Korea Ties Hacks Project for $63M, Highlighting Crypto Crime Concerns
- Munchables project hacked for $63M by its own developer with alleged North Korea ties
- Funds returned but attack fuels narrative that crypto aids criminals and terrorists
- North Korea has stolen over $1B in crypto to fund weapons programs
- Attack involved social engineering and planned deception from the start
- Calls to rollback the Blast blockchain over attack highlight crypto's centralization issues
