Munchables Exploited for $63M in ETH, Pacman and Blast Face Decentralization Dilemma

The Munchables platform was exploited for over $63 million in Ethereum (ETH), sparking a significant debate within the cryptocurrency community about the response from Pacman and Blast, the entities behind the platform. While Munchables still holds $33 million in USDB and wrapped Ethereum (wEth), the focus has shifted to whether these funds can be used to compensate depositors, including those like HollanderAdam who lost 6 ETH. The potential solutions include upgrading the bridge to prevent the hacker from moving the stolen $62 million, which could compromise the platform's decentralized ethos, or accepting the loss, which would impact users. The incident has raised questions about the nature of decentralization, with some arguing that intervention to revert the theft would be justified despite potential centralization implications, especially considering Blast was advertised as a centralized L2 with a 3/5 multisig setup. The situation presents a dilemma for the Blast team, as they must choose between a significant monetary loss and potentially abandoning the chain or compromising on decentralization principles.