Blockchain security firm CertiK reported a possible compromise of private keys associated with PlayDapp, an ethereum-based P2E game.
This security breach led to the unauthorized addition of a new minting address, which subsequently resulted in the creation of 200 million PLA tokens. Following the breach, the value of PLA tokens plummeted almost 10%, its lowest level since October.
PlayDapp has not yet provided an official response to this incident.
According to DappRadar, the total value of assets on PlayDapp has fallen almost 14% since the incident, even though the number of unique active wallets increased noticeably today.
<img decoding="async" width="877" height="669" src="https://crypto.news/app/uploads/2024/02/1.png” alt=”PlayDapp PLA Price”/>
The incident highlights the current challenges that web3 projects face in protecting their assets from unauthorized access and manipulation.
PlayDapp operates within the blockchain gaming ecosystem and offers a platform where players and developers can buy, sell and exchange NFTs and other gaming assets.
The platform offers a cross-play universe, where assets from one game can be used in another, potentially increasing its utility.
