As a seasoned crypto investor with a few battle scars from past market volatility and hacks, I must admit that the recent Gala Games incident left me both relieved and concerned. Relieved because the quick action taken by the firm to freeze the stolen tokens prevented further loss, and concerned because of the potential vulnerabilities that were exploited in the first place.
As a cryptocurrency and gaming industry analyst, I can share that on May 20th, 2024, I came across unfortunate news regarding Gala Games. This innovative crypto games company suffered a hack, with an unauthorized user managing to mint and abscond with approximately $200 million worth of GALA tokens. Acting swiftly in response, the firm took decisive action within 45 minutes of discovering the breach, freezing the remaining stolen tokens to minimize further potential losses.
In an unexpected turn of events, the hacker responsible for stealing around $22 million in Ethereum (ETH) chose to give it back on Tuesday morning. The company made this announcement through a blog post.
As a dedicated researcher focusing on Gala’s practices, I can assure you that we prioritize upholding stringent security measures and maintaining transparency. Rest assured, we will keep you informed of any developments in our ongoing investigation and take all essential actions to prevent recurring incidents.
Read More
Sorry. No data so far.
2024-05-22 04:20