According to rumors, Gala platform was hacked, which could lead to a loss of up to 200 million US dollars. It is reported that hackers are converting the stolen GALA tokens into Ethereum. The situation is currently under further investigation.

On May 28th, Gala announced the unauthorized issuance of 5 billion GALA tokens and published a post-event report. It stated that all internal processes have been rectified, including the removal of unauthorized users. The hacker has returned the ETH obtained by selling GALA, which has been used to repurchase and destroy tokens. The 5 billion GALA tokens will be destroyed. The attacker's contract and wallet have been immediately blacklisted, and the Ethereum contract is secured through a geographically dispersed multi-signature contract. Currently, Gala has identified malicious actors through the use of patterns in other activities and within the network. These patterns indicate previous association with minor vulnerabilities, suggesting the presence of privilege access abuse rather than external software vulnerabilities. The case has been submitted to the U.S. Department of Justice and the Federal Bureau of Investigation for further investigation. Meanwhile, Gala is conducting an internal review of security protocols and contract access permissions, strengthening measures such as access control and key management practices.

After being attacked by hackers, DWF Labs purchased 25 million GALA on the open market and expressed support for the project.

Odaily Planet News According to Lookonchain's monitoring, Gala Games hackers have previously minted 5 billion GALA, worth 214 million US dollars. Afterwards, the Hacker quickly sold 592 million GALA and acquired 5952 ETH (equivalent to 21.8 million USD). Gala Games officially blacklisted the hacker address, preventing further sales.

Gala Games announced an update on the hacking incident on platform X: the security issue involving GALA tokens has been brought under control, and the affected wallets have been frozen. This is an isolated incident and the cause has been addressed. The team is closely cooperating with law enforcement agencies to investigate the mastermind behind this. As the investigation continues, the authorities will provide the latest updates and take all necessary measures to prevent similar incidents from happening in the future.

Golden Finance reported that Gala Games officially announced that the funds lost in the recent security incident have been recovered and will be converted back to GALA using GalaSwap.