Splinterlands Game Loses $180,000-195,000 in Funds Due to Compromised Wallets

On April 17th, 2023, the team behind Splinterlands announced a significant loss of funds during their town hall meeting. Six million SPS and eight million DEC were lost due to compromised wallets. These older wallets were used to manage bridges within the game’s ecosystem. Unfortunately, a third-party service responsible for managing these wallets was compromised, resulting in the loss of funds.

The affected funds, which totaled between $180,000-195,000, were already extracted and hit the markets, making it impossible to recover them. Despite the severity of the loss, the Splinterlands team assured players that the game’s operations were not affected by the incident.

In response to the breach, the Splinterlands team reviewed all the wallets and chains associated with the game and shut down any services tied to the compromised legacy infrastructure. They are also re-evaluating their security protocols to prevent future incidents.

The loss of funds is undoubtedly a setback for Splinterlands, but the team’s transparency and quick response have been commendable. During the town hall meeting, the team also discussed upcoming updates and events for the game.

Splinterlands is a popular blockchain-based trading card game that offers a unique gaming experience for enthusiasts. However, the incident serves as a reminder of the importance of robust security measures for blockchain-based businesses.

As the blockchain industry continues to grow, it is crucial for businesses to remain vigilant and prioritize security measures to safeguard against potential breaches. The Splinterlands team’s response to the incident offers valuable lessons for all blockchain-based businesses looking to protect their assets and maintain the trust of their customers.