Security Breach at Gala Games: Hacker Mints $214 Million Worth of GALA Tokens
Tuesday, 21 May 2024, 04:14
Security Breach at Gala Games: Impending Threats
Gala Games experienced a severe security breach on May 20, resulting in the minting of 5 billion GALA tokens worth a staggering $214 million.
The Impact of the Breach
The breach shook the crypto community and raised concerns about security vulnerabilities in Web3 projects.
- GALA Tokens: 5 billion GALA tokens were minted
- Immediate Response: Gala Games team blacklisted the hacker's address and engaged with law enforcement
- Recovery: GALA's price initially dropped but showed signs of stabilization
Community members should stay vigilant against potential scams post-breach.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.