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Animoca-Backed Gamee Faces Major Token Contract Exploit on Polygon
Gamee, a blockchain gaming project backed by Animoca Brands, recently confirmed a major exploit in its Gamee (GMEE) token contracts on the Polygon network. The breach resulted in unauthorized access to its token contracts, leading to the theft of a staggering 600 million tokens valued at $15 million.
The Gamee Exploit Incident
Gamee reported the security breach in an official post on X, revealing that its Polygon GMEE deployer address was compromised through unauthorized GitLab access. The breach occurred at approximately 6:31 p.m. UTC, leading to the theft of tokens, which were subsequently converted to Ethereum (ETH) and Polygon’s native token MATIC.
The attacker then took advantage of various Decentralized Exchanges (DEXs) to swap the compromised tokens, causing a notable impact on the GMEE token price across multiple exchanges.
As of the latest update, the GMEE token price has plummeted by 55% over the
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