Online game firm Gamee was the sufferer of a cyber-attack this week, ensuing within the theft of 600 million digital tokens. The stolen tokens utilized in Gamee’s blockchain-based video games have been value an estimated $15 million on the time of the incident.
The assault occurred Tuesday night when an unauthorized particular person accessed Gamee’s methods on the Polygon blockchain community. They stole the massive batch of tokens, GMEE, from Gamee’s reserves. The tokens weren’t ones owned by Gamee’s gaming neighborhood members.
After stealing the tokens, the attacker rapidly transformed them into different cryptocurrencies – Ethereum (ETH) and Polygon’s MATIC token in a probable try to cowl their tracks. This flooded the market, inflicting the value of GMEE to plummet 64% inside 24 hours. It trades for lower than 1% per token throughout exchanges, in line with the CoinMarketCap data.
Gamee stated whereas the cyber assault impacted its token reserves, no tokens or belongings owned by its neighborhood members have been stolen or compromised. The corporate remains to be investigating the extent of the breach and the way the perpetrator gained entry.
This incident serves as a reminder that whereas blockchain know-how presents safety advantages, potential vulnerabilities nonetheless exist – whether or not within the code, on exchanges, or from uncovered credentials. Recreation is working to determine affected customers and plans to help its loyal neighborhood throughout this tough scenario.
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