Crypto gaming platform PlayDapp has been the victim of a series of breaches, resulting in the loss of millions of dollars worth of PLA tokens. Blockchain analytics firm Elliptic has reported that the breaches have led to the theft of PLA tokens valued at $290 million, based on their market value at the time of the incidents.
Security Crisis At PlayDapp
According to Elliptic, on February 9, an unauthorized wallet managed to “mint” 200 million PLA tokens, worth approximately $36.5 million. This breach was believed to result from a compromise of a private key.
In an attempt to recover the stolen funds, PlayDapp sent a message to the exploiter through an on-chain transaction, offering a $1 million “white hat reward” if the stolen funds were returned by February 13. The message reads:
It will be difficult to move/exchange the stolen funds any further, we are currently in contact with law enforcement and blockchain intelligence companies. If you return all access to the contract a
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