Four Developers Suspected to be Same Person Behind Munchable Exploit, Claims ZachXBT
Renowned cryptocurrency figure ZachXBT has put forth the theory that four developers connected to the recent Munchable exploit are, in fact, one individual assuming multiple identities. In a recent post on X, ZachXBT, known for his on-chain investigations, highlighted the various connections between the developers, suggesting a single person is behind these fictional characters.
According to ZachXBT’s findings, all four developer personas recommended each other for the job at Munchable. Additionally, investigations revealed that these individuals regularly transferred payments to the same two exchange deposit addresses, indicating financial collaboration among the characters.
In his pursuit of uncovering the truth, ZachXBT disclosed details regarding the exploiter’s payment and exchange deposit addresses while maintaining his belief that they are the same person. The fictitious characters were identified by their GitHub usernames: NelsonMurua913, Werewolves0493, BrightDragon0719, and Super1114.
On March 26, the official X account of Munchable issued a statement reporting a security breach on its platform. The Web3 gaming platform, built on the Ethereum Layer 2 Blast, suffered a significant loss of $62.5 million due to the exploit, making it one of the largest incidents of this year. Shortly after Munchable’s announcement, ZachXBT identified the exploiter’s address, which contained approximately 17,400 ETH.
Following the exploit, the GameFi project swiftly implemented measures to track asset movements and halt suspicious transactions. Munchable also committed to keeping users informed about the progress of these tracking efforts while seeking a solution to prevent further exploitation. In addition, the project announced the establishment of a compensatory treasury pool, allowing users to reclaim their funds if they had deposited ETH.
Data from Defillama indicates a substantial decline in Munchable’s total value locked (TVL) following the exploit. Within a few hours, the gaming platform’s TVL plummeted from $96.16 million to $34.17 million. Despite the lack of new information from Munchable, the project’s community remains hopeful as the team, along with concerned parties, continues to track the exploited transactions.
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