Gala Games' Insane $240M Token Exploit and Swift Recovery!
Guys, this is wild! Gala Games just went through an insane $240 million token exploit. On May 21st, their smart contract got breached, leading to the unauthorized minting of 5 billion GALA tokens. The attacker managed to exchange $21 million worth of these tokens to ETH before Gala Games stepped in and froze the remaining tokens. In a crazy twist, the attacker returned the ETH the next day! Gala Games plans to convert this ETH back to GALA tokens and burn them. Meanwhile, co-founders Eric Schiermeyer and Wright Thurston are entangled in a legal battle over alleged fund misappropriation. Amid all this, DWF Labs bought 28 million GALA tokens to support the market, even though they face their own controversies. Stay tuned for more on this rollercoaster ride!
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