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Post: Enhancing Security Measures: Munchables Onboards New Signers to Multisig

Enhancing Security Measures: Munchables Onboards New Signers to Multisig

Key Points:

  • Munchables is onboarding new signers to its multisig.
  • The company is re-auditing smart contracts and reviewing its dev hiring process.
  • A rouge in-house developer stole and returned nearly $63 million worth of Ether (ETH) from the platform.
  • Munchables is taking steps to prevent similar incidents in the future.

Onboarding New Signers to Multisig:

Munchables is enhancing its security measures by onboarding new signers to its multisignature wallet, which requires multiple signatures to authorize transactions. This adds an extra layer of security to protect the platform’s funds.

Re-auditing Smart Contracts and Reviewing Dev Hiring Process:

In response to the recent incident, Munchables is conducting a thorough re-audit of its smart contracts to identify and address any vulnerabilities. Additionally, the company is reviewing its developer hiring process to prevent such breaches in the future.

Hot Take:

The proactive steps taken by Munchables in response to the security breach demonstrate a commitment to safeguarding user funds and maintaining trust within the crypto community. By prioritizing security measures and revisiting internal processes, Munchables aims to prevent future incidents and strengthen its platform’s resilience against potential threats.

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