$1 Billion Dollar Gala Games Hack Scare Initiates 30% GALA Price Plunge
Gala Games, a Play to Earn (P2E) game development company, has reportedly managed to prevent what could have become the biggest crypto hack of recent years, after news broke that the project had allegedly been exploited for more than $1 billion.
In the late hours of Thursday, November 3rd, news reports on Twitter disclosed that a wallet address had minted over $1 billion in GALA tokens out of thin air. Blockchain security and data analytics company PeckShield, raised concerns to the team during the early hours of Friday, 4th.
Gala Games quickly took to Twitter to calm the rapidly rising fears, assuring users that it was a white hat attack. The company explained that the “exploit” was an internally conducted attack undertaken to prevent bad actors from absconding with users’ money.
Thee event caused chaos for GALA after the fears emerged…
