Gala recovers following unauthorized minting of 5 billion tokens

On 21st May, Gala Games’ smart contract was exploited with the unauthorized minting of 5 billion GALA tokens, worth $240 million. The attacker then managed to exchange $21 million worth of tokens to ETH via Uniswap before the remaining tokens were frozen and burned. Within hours of the hack, Gala CEO Eric Schiermeyer, aka Benefactor, […]

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