Gala Games Loses $200 Million in Potential Exploit, GALA Price Down by 15%

Monday, 20 May 2024, 22:15

A recent incident involving the minting of 5 billion GALA tokens, valued at over $200 million, has sent shockwaves through the Gala Games community. As a result, the price of GALA token plummeted by around 15%. This exploit has highlighted vulnerabilities in the Web3 gaming platform and raised concerns among investors and stakeholders.
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Gala Games Loses $200 Million in Potential Exploit, GALA Price Down by 15%

Summary:

Recently, an exploit resulted in the minting of 5 billion GALA tokens, equivalent to over $200 million, causing a significant price drop of around 15% for GALA.

Impact:

This event had a substantial impact on the Gala Games community and raised alarms about the security measures in Web3 platforms.

  • Someone minted 5 billion GALA tokens worth over $200 million.
  • GALA's price plummeted by around 15% following the incident.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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