In a major breach, hackers infiltrated PlayDapp's system, causing a staggering $31 million loss by minting 200 million unauthorised PLA tokens.

The incident underscores the urgent need for enhanced security measures within the blockchain and cryptocurrency markets.

PlayDapp has taken immediate action, including transferring assets to a new wallet and collaborating with law enforcement agencies like the FBI to address the breach.

The company has alerted partner exchanges to halt trading to prevent further circulation of the unauthorised tokens and has offered a reward for the return of stolen assets.

This breach highlights the vulnerabilities in the crypto sector and emphasises the importance of robust security protocols to safeguard investors' assets.