{"id":46115,"date":"2022-04-08T14:03:58","date_gmt":"2022-04-08T14:03:58","guid":{"rendered":"https:\/\/packetstormsecurity.com\/news\/view\/33307\/Play-To-Earn-Game-Token-Collapses-After-Hacker-Cashes-Out.html"},"modified":"2022-04-08T14:03:58","modified_gmt":"2022-04-08T14:03:58","slug":"play-to-earn-game-token-collapses-after-hacker-cashes-out","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/play-to-earn-game-token-collapses-after-hacker-cashes-out\/","title":{"rendered":"Play-To-Earn Game Token Collapses After Hacker Cashes Out"},"content":{"rendered":"
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Hacking. Disinformation. Surveillance. CYBER is Motherboard’s podcast and reporting on the dark underbelly of the internet.<\/p>\n<\/div>\n

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WonderHero, a cryptocurrency-based play-to-earn game, announced<\/span><\/a> on Thursday that it was suspending all services after the price of its token crashed dramatically<\/span><\/a> after a hacker was able to mint the game\u2019s token and cash out for around $300,000. <\/p>\n

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In an official announcement<\/span><\/a>, WonderHero confirmed that \u201cthere was an attack on our cross-chain bridging withdrawal,\u201d and that \u201c the attackers managed to get the signature and minted 80M $WND,\u201d referring to the game\u2019s cryptocurrency. <\/p>\n

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According to data<\/span><\/a> from CoinMarketCap, the price of WonderHero’s token (WND) plummeted by nearly 50 percent on Thursday morning after the hacker cashed out. Before confirming the hack, the company wrote on Twitter that \u201cwe understand that the community is concerned with the sudden WND price drop. Our team is looking into this issue and we will update as soon as we can,\u201d WonderHero tweeted. <\/p>\n

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In another tweet, the company said that it was suspending virtually all operations, including game services, smart contracts, deposits, withdrawals, and trading services.<\/p>\n

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WonderHero is an anime-inspired mobile RPG game set in a future where \u201cEarth has been polluted by the aftermath of nuclear war, with the last of human civilization moving to inhabit the massive space station, Icarus VI,\u201d according to the game\u2019s official site<\/span><\/a>. Players collect characters\u2019, weapons, and equipment that are all NFTs. To upgrade them, the players have to purchase or earn the game\u2019s cryptocurrency, called WND<\/span><\/a>, to upgrade them. <\/p>\n

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The incident comes a week after a hacker stole more than $600 million in cryptocurrency<\/span><\/a> from a bridge operated by another play-to-earn game, Axie Infinity. In that case the hacker \u201cused hacked private keys in order to forge fake withdrawals,\u201d according to the company. In other words, the hacker exploited a bridge in the Ronin network, a blockchain built to interact with the Ethereum-based Axie Infinity, by taking control of a majority of its validator nodes, which are authorized to verify and approve transactions. <\/p>\n

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Do you have more information about the WonderHero hack? Or other web3 and crypto hacks? We\u2019d love to hear from you. You can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, Wickr\/Telegram\/Wire @lorenzofb, or email lorenzofb@vice.com<\/a><\/strong><\/em><\/p>\n<\/blockquote>\n

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Tal Be\u2019ery, a cybersecurity researcher and the chief technology officer of ZenGo<\/span><\/a>, a crypto wallet app, said that the WonderHero hacker likely accessed the company\u2019s private key, which allowed them to mint new tokens.<\/p>\n

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\u201cHow do we know the private key was stolen? In order to add someone as \u2018miner\u2019 you need access to the private key to sign the relevant transaction,\u201d Be\u2019ery told Motherboard in an online chat. \u201cThere’s no technical way to know how the key got to the attackers, but it’s clear they got it.\u201d<\/p>\n

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Certik, a cryptocurrency cybersecurity firm, wrote on Twitter<\/span><\/a> that the incident was a \u201cpossible hack.\u201d PeckShield, another company that tracks cryptocurrency hacks, Tweeted at WonderHero<\/span><\/a> pointing to the suspected hacker\u2019s transaction on the Binance Smart Chain, saying \u201cyou may want to take a look.\u201d The transaction shows someone transferring 80 million WND tokens worth more than $300,000 into their wallet from a null address linked to the project. All of those tokens have now been moved out of that wallet. <\/p>\n

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Motherboard reached out to WonderHero\u2019s co-founder and CEO Ethan Ng via Twitter and LinkedIn, to the company\u2019s chief marketing office Zander Lian via LinkedIn, and to the company\u2019s operations manager Priscilla Thoo via LinkedIn. None of them responded to the requests for comment. <\/p>\n

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Motherboard reached admins on WonderHero\u2019s Discord channel for comment, and quickly received a ban. Two admins for the WonderHero\u2019s Telegram channel did not respond to private messages on the platform asking for comment.  <\/p>\n

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In its announcement, the company promised to create a new smart contract and \u201cfairly\u201d compensate all its supporters with new tokens based on the amount of WND they owned before the hack.<\/p>\n

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Subscribe to our cybersecurity podcast, CYBER<\/a>. Subscribe to our new Twitch channel<\/a>.<\/strong><\/em><\/p>\n

<\/span>READ MORE HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

READ MORE HERE…<\/p>\n","protected":false},"author":2,"featured_media":46116,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[277],"tags":[3002],"class_list":["post-46115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity-blogs","tag-headlinehackercybercrimedata-lossfraud"],"yoast_head":"\nPlay-To-Earn Game Token Collapses After Hacker Cashes Out 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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