What's Happening on the Gala Front?
The Gala team said in a May 21 blog post that Ethereum's comeback came after the team's quick, effective response and the involvement of Federal law enforcement. Gala said it used a new GalaChain blocklist protocol feature to effectively freeze 4.4 billion GALA tokens out of 5 billion GALA tokens minted in 45 minutes.
Gala co-founder and CEO Eric Schiermeyer said in a May 20 X and Discord post that the alleged attacker had been identified, including his home address. Gala Games has not publicly confirmed the identity or method of this exploit, but some community members claim that Gala said the attack was carried out by a security contractor who made a mistake after connecting to the wallet without a VPN.
