31 million dollars were stolen from this Blockchain game app

Blockchain gaming platform PlayDap suffered a $31 million loss after hackers hacked its system.

This alarming incident highlights the importance of heightened security protocols in the cryptocurrency market.

The blockchain gaming app has been hacked

Web3 security firm Syvers has confirmed that attackers were able to add their addresses to PlayDip as mining. Next, producing 200 million PLA tokens worth approximately $31 million.

These ill-gotten gains were quickly dispersed to various addresses, with an estimated $5.9 million worth of stolen PLA tokens transferred to crypto exchange Gate.io.

In a recent statement, PlayDap highlighted the seriousness of the breach and outlined immediate measures to address the damage. The company has notified all partner exchanges to suspend trading to prevent the distribution of unauthorized tokens.

Read more: Crypto Project Security: A Guide to Early Threat Detection

In an effort to control the situation, PlayDapp has announced that it will transfer all PLA held by PlayDapp to a new secure wallet, both locked and unlocked holdings. This move aims to protect PLA assets from further risk.

“We contacted the hackers directly via chain message and offered a reward for the immediate return of the stolen contracts and assets. Failure to accept this offer will prompt us to work more quickly with the FBI and other law enforcement agencies in pursuit of the hacker, Playdap said.

Following the hack of blockchain game app PlayDap, native PLA has undergone a significant price adjustment. It went from trading at $0.18 to $0.16, representing a decrease of 12.23%.

The incident highlights the vulnerabilities in the blockchain and cryptocurrency sectors. It explains the need for enhanced security measures to protect investors' assets.

As the situation unfolds, PlayDap is asking for the community's cooperation. He also advised against spreading wrong information and seek updates from official channels.