TL;DR
- ZachXBT joins as custodian on multisig for return of funds in $63 million Munchables exploit.
- Manifold Trading and Selini Capital are also joining multisig to improve the security of funds and smart contracts.
- The Munchables team is restructured, with the incorporation of trusted entities and contract auditors.
In a move to address the aftermath of the recent $63 million Munchables exploit, the team behind the GameFi protocol has taken decisive action to ensure the safe return of funds to affected users.
ZachXBT, a prominent blockchain researcher, has joined as one of the multisig custodians tasked with managing the committed funds.
confirming I will be temporarily joining the multisig as a signer for the initial period.
— ZachXBT (@zachxbt) April 1, 2024
In addition to ZachXBT, Manifold Trading and Selini Capital have also been brought on board as custodians on the multisig.
This heightened security approach aims to prevent future attacks and ensure the integrity of user assets on Munchables.
The restructuring of the Munchables team marks another important step in the response to the exploitation suffered by the protocol.
Established and trusted entities have been brought in to improve the security of funds and smart contracts.
Munchables seeks to restore community trust in the project and demonstrate safety and transparency
Regarding the process of returning funds, significant stages have been reached. ZachXBT, in its role as custodian, will play a crucial role in ensuring the security and integrity of this process.
The addition of Manifold Trading and Selini Capital into the multisig provides an additional oversight and security structure.
Additionally, the addition of NethermindEth has been announced to audit all updated contracts before the platform becomes operational again.
This additional audit will ensure that users can trust the security and integrity of Munchables smart contracts.
Munchables is taking decisive action to address the problems caused by the $63 million exploit.
With the addition of additional custodians, team restructuring and contract auditing, the project seeks to restore community trust and establish a safe and sustainable path forward.
