$290M Crypto Heist: PlayDapp Hit by Major Token Theft, Hacker Hunt Intensifies

February 14, 2024
$290M Crypto Heist: PlayDapp Hit by Major Token Theft, Hacker Hunt Intensifies
  • PlayDapp, 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.

Summary based on 2 sources


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