Gala Games, a prominent player in the blockchain gaming space, finds itself embroiled in a $23 million GALA token hack. CEO Eric Schiermeyer attributes the breach to “messed up” internal controls, sending shockwaves through the cryptocurrency market and sparking widespread concerns over security and investor confidence.
The Breach: Unraveling the Timeline
On May 20 at 7:32 pm UTC, blockchain analysts sounded the alarm as 5 billion GALA tokens, valued at a staggering $200 million, were mysteriously minted.·
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