0xScope Newsletter #38: Probing the Munchables Hack
0xScope Newsletter #38: Probing the Munchables Hack
Also: Scopescan and Scopechat now support zkSync, meme coin mania continues, and major net flows on OKX and Kucoin, among other topics.
Research
Scopescan and Scopechat Now Support zkSync
Track entities, get trading signals, and start on-chain investigations on the fast-rising L2 platform zkSync with Scopescan and Scopechat.
Quick facts about zkSync:
🌁 168,363.22 $ETH bridged to zkSync
💰 $177.8M TVL
📈 8 out of the top 10 projects based on TVL are DEXes
Read our latest blog for more information.
Scoped on Scopescan: Probing the Munchables Hack
Blast-based NFT game Munchables lost 17,413 ETH ($62.93M) thanks to one of its developers who turned out to be a North Korean hacker, who eventually agreed to return the hacked funds. The Scopescan team helped out in the investigation, with the following findings:
The hacker sent 3 $ETH to Orbiter Finance for bridge testing.
A Binance deposit address related to the hacker was found. This address was used for receiving salary from Munchables.
Soon after, the hacker transferred all the stolen $ETH to a Gnosis Safe wallet 0x4D2F, created by 0xFfE8. Blast confirmed that it conducted the transfer.
Here are other notable whale transactions this past week:
An address related to Cumberland and Bitcoin Suisse withdrew 6.6M $ARB ($11M) from Binance, Coinbase, and OKX. It accumulated 18M $ARB ($30M) and transferred 10M ($16M) to address 0x47f5 for storage.
A whale accumulated 1.4M $WLD ($10.24M) from Binance. Currently, this whale holds 2.96M $WLD ($26.5M), and $724M of other tokens.
A whale withdrew 1.86M $DYDX ($6.5M) from Binance. It started accumulating $DYDX 3 months ago, now it's holding 3.78M $DYDX ($13.8M).
Don’t miss out on the latest whale movements. Sign up for Scopescan here.
On-chain Data
OKX leads all exchanges in asset gains, Kucoin loses big
With one notable exception, all major exchanges recorded net asset gains, led by OKX with 17.90% growth in inflows. Other big gainers include Bybit (+8.65%) and Bitget (+8.04%). The lone red spot in the sea of green is Kucoin, which lost 11.76% of its assets after its recent legal trouble.
Major token unlocks for DYDX, SUI, OP
The biggest token unlock this week is DYDX’s unlocking of $114.67M worth of tokens on April 1. Before that, OP will unlock $91.35M of its tokens on March 29. SUI will have two token unlocks next week: one on March 31 that’s worth $11.41M and another on April 3, this time worth $73.56%.
If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.
Company Announcements
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Subscribe to Scopechat Pro today! Pay using your credit card or your Scopepoints.
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0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.
Quick Bites
Bitcoin, Ether could witness upside volatility as $15B options expiry looms - LINK
Over $1B in US Treasurys have now been tokenized on-chain - LINK
VCs dive back into crypto as EigenLayer, HashKey, and memecoins lead $1.7B in raises - LINK
Ethereum reaches 1M validators, community thinks it’s ‘too much’ - LINK
Crypto exchange KuCoin violated anti-money laundering laws, U.S. charges - LINK