$290M Crypto Heist: PlayDapp Hit by Major Token Theft, Hacker Hunt Intensifies
February 14, 2024PlayDapp, a crypto gaming platform, suffered a significant security breach with the theft of 1.79 billion PLA tokens valued at $290.4 million.
The company responded by securing remaining assets in a safe wallet and offered a $1 million reward for the return of the stolen tokens.
Despite these efforts, the hacker minted more tokens, prompting the suspension of PLA trading and the freezing of associated wallets on exchanges.
Suspicions point to the North Korean 'Lazarus Group' as the culprits behind the attack.
The value of PLA tokens dropped by 3% within 24 hours of the breach and over 25% within the past month.
Elliptic, a blockchain analysis company, is tracking the hacker's wallets to aid in the recovery of the stolen funds and prevent further illicit activities.
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