đ„ Gala Games exploited for ~$240 million, token GALA plummets 15%!
Someone minted 5 billion GALA tokens worth over $236 million.
The security incident involving the #gala token has been contained and the impacted wallet has been frozen.
đș Market Maker DWF Labs:
...we have purchased 28 million #gala tokens on the open market. This aims to stabilise the token's value
đș Later Jason Brink:
...it looks like the #gala exploiter has just returned the ETH they got from the hack!
So Gala Games has received nearly $23 million worth of ETH tokens from the hacker and then sold hundreds of millions worth of its native (GALA) token.
The change of fortunes leaves Gala with an unexpected $23 million windfall in ETH tokens) đČ
Whew, that was a real blockbuster đ