Gala

<p class="is-style-lead">Blockchain gaming platform Gala Games has seemingly suffered a security breach, resulting in the loss of more than 4 billion GALA tokens.</p> 
<p>Gala Games, a <a href="https://crypto.news/tag/blockchain-gaming/" target="_blank" rel="">blockchain gaming</a> startup that Zynga co-founder Eric Schiermeyer helped create, suffered a multi-million dollar “security incident” involving <a href="https://crypto.news/tag/gala/" target="_blank" rel="">GALA</a> tokens, the firm <a href="https://x.com/GoGalaGames/status/1792727587460104377" target="_blank" rel="">said in an X post</a> on May 21.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The security incident involving the <a href="https://twitter.com/search?q=%24GALA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$GALA</a> token has been contained and the impacted wallet has been frozen.<br><br>This was an isolated incident, the cause of which has been addressed and we are working closely with law enforcement to investigate the individuals behind the breach.…</p>— Gala Games (@GoGalaGames) <a href="https://twitter.com/GoGalaGames/status/1792727587460104377?ref_src=twsrc%5Etfw" target="_blank" rel="">May 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to the announcement, the impacted wallet “has been frozen,” although it’s not clear exactly what was the root cause of the breach.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“This was an isolated incident, the cause of which has been addressed and we are working closely with law enforcement to investigate the individuals behind the breach.” Gala Games</p> 
</blockquote> 
<p> You might also like: <a href="https://crypto.news/gala-games-co-founders-to-lock-horns-in-court/" rel=""> Gala Games co-founders to lock horns in court </a> </p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Hey Everyone…<br><br>I always knew there was a reason I never talk shit about other projects getting hacked…I'm sorry to say we had an incident that resulted in the unauthorized SALE of 600million (21million usd) <a href="https://twitter.com/search?q=%24GALA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$GALA</a> tokens and the effective BURN of 4.4 billion tokens.<br><br>We…</p>— benefactor (@Benefactor0101) <a href="https://twitter.com/Benefactor0101/status/1792698768166715776?ref_src=twsrc%5Etfw" target="_blank" rel="">May 20, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In another X post on May 21, Gala Games CEO Eric Schiermeyer <a href="https://x.com/Benefactor0101/status/1792698768166715776" target="_blank" rel="">revealed</a> that an unknown individual minted 5 billion GALA tokens worth $200 million on May 20, and succeeded in selling around 600 million GALA tokens. Schiermeyer reassured users that the Gala Games team within 45 minutes “secured and removed unauthorized access to the GALA contract.”</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“We messed up our internal controls…This shouldn’t have happened and we are taking steps to ensure it doesn’t ever again […] There is the issue of our daily distribution…we will be having a node vote on how to handle this issue. As usual the community will decide how we proceed.”</p> 
 <p>Eric Schiermeyer</p> 
</blockquote> 
<p>Following the news, the GALA token plunged in a moment down to $0.037, losing nearly 20% before jumping back to $0.042.</p> 
<p>Founded in 2018 by Eric Schiermeyer, Wright Thurston, and Michael McCarthy, Gala Games is a blockchain-based gaming platform that emphasizes giving control back to the players. The company has raised a total of $5 million in funding thus far, primarily from investors including Block Wolves, Broslyn Capital, CaptureAlpha, DWF Labs, and Ignite Group, according to data from​ PitchBook.</p> 
<p> Read more: <a href="https://crypto.news/fable-series-creator-launches-web3-game-on-gala-games/" rel=""> Fable series creator launches web3 game on Gala Games </a> </p>

Gala Games suffers $200m security incident over ‘internal controls’

crypto.news

2024年5月21日公開の他の記事

Ethereum Price Could Hit $8,000 with ETF Approval: Standard Chartered

Ether ETFs could drive ETH price to $10K, but approval could take until 2025

US Seeks Crypto Market Influence

Bitcoin Could Approach $80,000 By June: 10x Research

$3.5m Raised and Counting: Bitbot Offers a 100x Crypto Investment Opportunity

How High Can Ethereum Price Surge This Month Amidst ETF Speculation?

ニュースレターを購読して暗号資産の最新情報を毎日入手！