Ingredients

1 box (12 ounces) toasted rice cereal, such as Rice Chex (10 cups) 

13 ounces hazelnut spread, such as Nutella (1 1/4 cups) 

1 stick unsalted butter, cut into pieces 

4 ounces bittersweet chocolate, chopped (2/3 cup) 

3 cups confectioners' sugar 

1 cup unsweetened Dutch-process cocoa powder 

Preparation

Place cereal in a large bowl. Combine hazelnut spread, butter, and chocolate in a heatproof bowl. Set over a saucepan containing 2 inches of simmering water and stir frequently until butter and chocolate have melted and mixture is smooth and combined. Pour over cereal; gently stir until evenly coated. Toss in confectioners’ sugar and cocoa to evenly coat. Serve, or store in an airtight container at room temperature up to 1 week.