#EarnFreeCrypto2024 Gala Games (GALA) expressed its gratitude to Binance for its help in identifying the perpetrator behind a recent $200 million hack, underscoring its commitment to a more transparent blockchain space.
Gala Games took to X, formerly Twitter, to thank Binance for its help in identifying the person responsible for a $200 million exploit last week.Â
Gaming company Web3 wrote: "We would like to thank @binance for working with us and the authorities to identify the culprit of the recent attack."
We would like to thank @binance for working with us and the authorities to identify the culprit of the recent attack.
We are proud to stand together with Binance to make blockchain a more transparent and responsible space.
â Gala Games (@GoGalaGames) May 27, 2024
Gala Games further emphasized its pride in standing together with Binance to improve transparency and accountability in the blockchain space.
Binance has worked closely with law enforcement agencies around the world to help them detect cryptocurrency-related crimes. It has a Global Law Enforcement Training Program in this regard, where its investigations team conducts workshops to provide training to concerned officials.
This recognition comes after a massive $200 million theft in the popular game Web3, after a smart contract vulnerability allowed the attacker to mint a whopping 5 billion tokens out of thin air, worth over 200 million dollars at that time.Â
The attacker moved the fraudulently produced coins to a personal account and exchanged them for Ethereum (ETH).
The theft was one of the largest in the world of cryptocurrency gaming, highlighting the urgent need to improve security measures and transparency within the blockchain industry.
