đš#GalaGames, a Web3 gaming project, recently faced a $200M exploit by an unknown attacker. But don't panic, folks! It was an isolated incident and the team has got it under control. đĄïž
đčThe attacker minted 5B GALA, but the affected wallet is now frozen.
đč600M tokens were sold unauthorized, but the exploited address has been blocked.
đčThe price of GALA did drop 20%, but it's since stabilized.
CEO Eric Schiermeyer admitted they dropped the ball on internal controls, but they're taking steps to make sure it won't happen again. They're also working with the FBI, DOJ, and international authorities to get to the bottom of this. đ”ïžââïž
What do you think about this incident? How can we improve security in the DeFi space? Share your thoughts below! đ #CryptoNews #DeFiSecurity