Gala

<ul><li>Gala Games hacker mints 5B $GALA ($214M), dumps $21.8M in $ETH.</li><li>The actions of the exploiter led to a tumble in GALA price to $0.04132.</li><li>Gala Games blacklisted the hacker, stopping further $GALA sales.</li></ul>In a recent incident reported by Lookonchain, Gala Games <a href="https://x.com/lookonchain/status/1792739516790579602" rel="noopener noreferrer nofollow">experienced</a> a security breach, where an exploiter minted 5 billion GALA tokens, valued at $214 million. The hacker quickly liquidated 592 million GALA, converting them into 5,952 ETH ($21.8 million) before Gala Games intervened and blacklisted the exploiter&#39;s address, halting further sales.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a541485e9e7940548fb6b9c152c148b3.png" />Gala Games is a platform that allows players to own and control parts of the gaming world, including in-game assets such as land and collectibles. The GALA token serves as the main utility token and primary means of exchange within the ecosystem.<a href="https://cryptotale.org/gala-games-exploit-results-in-massive-token-dumping/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Gala Games Exploit Results in Massive Token Dumping

CryptoTale

Other articles published on May 21, 2024

Democratic Leaders Won’t Whip FIT21 Despite Opposition: Report

SEC challenges Ripple’s attempt to seal evidence, XRP jumps by 6%

Arbitrum (ARB) Breaks Above Resistance, Price Targets Monthly High

Bitcoin derivatives hint at potential rally above $73K — New all-time highs next

Analysts Boost Ethereum ETF Approval Odds, Driving Altcoin Surge

Sui Sets New Standard for Blockchain Transaction Speeds

Join our free newsletter for daily crypto updates!