22-05-2024 01:00 via newsbtc.com

Gala Games Recovers $23M Stolen By Hacker, Plans Token Buyback Program

In a recent security incident, Gala Games, a Web3 gaming company, fell victim to an exploit that led to the unauthorized minting of 5 billion tokens, equivalent to approximately $214 million. 
The hacker behind the breach subsequently sold 592 million GALA tokens, amounting to $21.8 million in value, as blockchain analysis firm Lookonchain confirmed.
CEO Of Gala Games Takes Responsibility For Breach
Gala Games responded to the breach, assuring the community via social media platform X (form
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