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Munchables Enhances Security Measures and Recovery Efforts
In a recent development, blockchain investigator ZachXBT has been appointed as one of the custodians for a multisig wallet holding the hacked user funds of the GameFi protocol Munchables. This move aims to enhance the security and trust in the project’s funds and smart contracts.
Enhanced Security Measures
Following a security breach that led to a loss of $63 million, Munchables has implemented a comprehensive plan to prevent such incidents in the future. The involvement of ZachXBT, known for his expertise in blockchain transactions, adds an extra layer of security to the custodianship.
Security Upgrades and Signers
Munchables has added new multisignature signers, including investment firm Manifold Trading, market maker Selini Capital, and blockchain investigator ZachXBT, to oversee the project’s security upgrades and ensure the safe return of users’ funds.
Relaunch Initiatives
As Munchables prepares for its relaunch, the platform has announced initiatives to incentivize returning gamers and support entities involved in the recovery process. Higher rewards and financial support will be provided to those who helped in thwarting the attack.
Future Plans
Munchables plans to re-release with NFT migration plans and additional features to enhance user experience. The platform aims to provide a secure environment for its community of gamers.
Appreciation and Caution
The company expressed its appreciation for the support received and quoted Confucius on seizing opportunities. Users are cautioned against interacting with unauthorized websites claiming to offer refunds, as refunds will be directly sent to users’ wallets.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
