Gala

The wallet address associated with the recent Gala Games (GALA) attack partially returned the stolen funds.
According to Onchain data, the wallet in question transferred back 5,913.2 ETH worth $22.5 million. This figure is close to the amount of GALA tokens sold immediately after the attack on Monday.
Earlier this week, an unknown hacker mined 5 billion GALA tokens worth over $200 million. This incident led to a 15% drop in the price of the platform's native token, GALA.
Eric Schiermeyer, co-founder of Gala Games, known online as Benefactor, announced that the attacker sold 600 million GALA, worth approximately $21 million at the time, and burned the remaining 4.4 billion tokens. He also added that Gala Games blocked and removed unauthorized access to the GALA contract within 45 minutes of the attack.
Related News: <a href="https://en.bitcoinsistemi.com/breaking-grayscale-allegedly-filed-a-trust-application-for-a-very-surprise-altcoin-but-its-most-likely-fake-news/" target="_blank" rel="noopener noreferrer nofollow">BREAKING: Grayscale Allegedly Filed a Trust Application for a Very Surprise Altcoin - But It's Most Likely Fake News!</a>
“We messed up our internal controls,” Schiermeyer admitted.
<blockquote>
 “This should not have happened and we are taking steps to ensure it never happens again. We believe we have identified the culprit and are now working with the FBI, DOJ and a network of international authorities.”
</blockquote>
In his statement on Discord, Schiermeyer added that the amount sent back by the hacker will probably be used for GALA token buybacks and burns.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/new-development-in-the-massive-gala-hack-founder-makes-a-statement/" rel="noopener noreferrer nofollow">New Development in the Massive GALA Hack – Founder Makes a Statement</a>

New Development in the Massive GALA Hack – Founder Makes a Statement

Bitcoin Sistemi EN

Other articles published on May 21, 2024

Value of one bitcoin in Japanese yen reaches record high

Kaspa Price Shows Positive Signals

Top Base Meme Coins To Invest

Will Cat Coins Overtake Dog Coins After CWIF Price Rally, or Could This Multi-Chain Meme Coin Reg...

Meta, Coinbase, Form Coalition to Tackle Global Online Fraud

Top 5 Altcoins for Diversifying Your Portfolio

Join our free newsletter for daily crypto updates!