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 ZachXBT onboarded as custodian for return of funds in 63M Munchables exploit

ZachXBT onboarded as custodian for return of funds in 63M Munchables exploit


Published: 2024-04-02


1. DeFi exploit involving Zachxbt: The article focuses on a recent DeFi exploit involving Zachxbt,leading to the loss of funds. The incident highlights the vulnerabilities in decentralized finance protocols and the need for improved security measures to protect users' assets. The exploit has raised concerns within the DeFi community and sparked discussions on ways to prevent similar incidents in the future.

2. Onboarding of a custodian: In response to the exploit,the article discusses the onboarding of a custodian to facilitate the return of funds to affected users. This move highlights the importance of having mechanisms in place to address security breaches and mitigate the impact on users. The involvement of a custodian in this situation underscores the growing recognition of the need for external oversight and protection in the DeFi space.

3. Implications for the DeFi ecosystem: The article delves into the broader implications of the exploit for the DeFi ecosystem. It emphasizes the challenges faced by decentralized platforms in ensuring the security and integrity of their protocols. The incident serves as a cautionary tale for both developers and users in the DeFi space,underscoring the importance of due diligence,risk management,and proactive security measures to safeguard against potential exploits and vulnerabilities.


Reference: cointelegraph.com

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1 BTC title=BTC 64,996.00 2,267,475,367.05
2 ARS title=ARS 1,083.00 1,801,569,242.60
3 ETH title=ETH 2,985.01 853,343,527.62
4 PEPE title=PEPE <0.01 792,762,467.91
5 SOL title=SOL 153.60 582,157,053.25
6 FLOKI title=FLOKI <0.01 287,740,775.55
7 WIF title=WIF 2.91 257,448,012.40
8 DOGE title=DOGE 0.15 246,100,292.55
9 BOME title=BOME 0.01 185,487,185.65
10 PEOPLE title=PEOPLE 0.05 161,935,703.57
11 XRP title=XRP 0.51 158,242,982.60
12 NEAR title=NEAR 7.81 146,612,929.24
13 RNDR title=RNDR 10.70 143,950,706.14
14 ENA title=ENA 0.72 140,948,893.09
15 WLD title=WLD 4.94 132,994,498.13
16 AEVO title=AEVO 0.78 120,003,399.54
17 RUNE title=RUNE 6.12 117,781,195.98
18 BONK title=BONK <0.01 90,537,463.78
19 AVAX title=AVAX 33.95 64,547,624.50
20 ORDI title=ORDI 37.81 56,561,698.86
21 AR title=AR 45.75 56,546,117.50
22 OP title=OP 2.47 52,705,940.03
23 ICP title=ICP 12.47 42,864,354.49
24 ARKM title=ARKM 2.37 41,816,637.29
25 1000SATS title=1000SATS <0.01 41,093,801.69
26 PENDLE title=PENDLE 4.39 40,656,570.68
27 JTO title=JTO 4.02 40,352,243.08
28 SUI title=SUI 0.98 39,981,126.51

Coins with rapidly rising prices


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1 ConstitutionDAO title=PEOPLE 0.05 +49.69
2 Immutable title=IMX 2.45 +19.61
3 Axelar title=AXL 1.06 +17.29
4 Arweave title=AR 45.75 +16.93
5 Sei title=SEI 0.52 +15.13
6 GMX title=GMX 31.90 +13.60
7 FLOKI title=FLOKI <0.01 +13.42
8 Bittensor title=TAO 383.80 +13.08
9 Pendle title=PENDLE 4.39 +12.98
10 NEAR Protocol title=NEAR 7.81 +11.99
11 THORChain title=RUNE 6.12 +11.92
12 Stafi title=FIS 0.49 +11.54
13 JasmyCoin title=JASMY 0.02 +11.41
14 iExec RLC title=RLC 3.28 +11.23
15 Chromia title=CHR 0.31 +11.09
16 Galxe title=GAL 3.45 +11.05
17 PIVX title=PIVX 0.33 +10.64
18 PowerPool Concentrated Voting Power title=CVP 0.38 +10.40
19 Vanar Chain title=VANRY 0.18 +10.38
20 CyberConnect title=CYBER 7.85 +10.34
21 BEAMX title=BEAMX 0.02 +10.28
22 Nano title=XNO 1.16 +9.95
23 Wanchain title=WAN 0.25 +9.91
24 JOE title=JOE 0.46 +9.71
25 Dock title=DOCK 0.03 +9.70
26 Kava Lend title=HARD 0.18 +9.62
27 Ocean Protocol title=OCEAN 0.93 +9.61
28 Tokocrypto title=TKO 0.42 +9.55
29 Fantom title=FTM 0.70 +9.53
30 TrueFi title=TRU 0.11 +9.52

The price of coins is falling rapidly.


(Update every 1 minute)
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1 Aevo title=AEVO 0.78 -24.52
2 Keep3rV1 title=KP3R 77.37 -8.58
3 Manchester City Fan Token title=CITY 3.20 -5.72
4 Lisk title=LSK 1.87 -3.10
5 Alpine F1 Team Fan Token title=ALPINE 1.77 -2.70
6 AS Roma Fan Token title=ASR 3.73 -2.33
7 UMA title=UMA 3.64 -2.31
8 FarmBot title=FARM 65.44 -2.15
9 Bluzelle title=BLZ 0.37 -1.77
10 Viction title=VIC 0.44 -1.58
11 Pepe title=PEPE <0.01 -0.96
12 Starknet title=STRK 1.14 -0.96
13 Sun Token title=SUN 0.01 -0.16

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