Gala Exploit Leads to $21M in Token Sales

Gala Exploit Leads to $21M in Token Sales

An internal exploit for Gala Games led to the unauthorized sale of 600 million $GALA tokens or $21 million yesterday. 

The Deets

Gala Games' ETH contract for $GALA remains secure under the protection of a multi-sig wallet and was not compromised. However, internal controls were compromised, leading to the unauthorized token sale and burn.

  • Gala Games identified the breach promptly and took immediate action to mitigate the damage.
  • The company acknowledges the need to reinforce internal controls to prevent similar incidents in the future.
  • Community involvement is paramount, with plans for a node vote to address the impact on daily distribution.

📊 By the Numbers

$GALA is down nearly 6% in the last 24 hours to $0.0413. 

💬 Founder Feedback

 


We messed up our internal controls...This shouldn't have happened and we are taking steps to ensure it doesn't ever again.benefactor


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