GALA hacked: They generated and sold $200 million worth of tokens

Gala Games, one of the most well-known Web3 gaming platforms, has been hacked. The attackers generated about 200 million dollars worth of GALA tokens and converted some of them into ETH. The GALA token also fell by more than 15%.

GALA hacked: They generated and sold $200 million worth of tokens

Gala Games, the company behind GALA, which experienced a sharp rise especially during the 2021 bull season, suffered a hack attack yesterday. Hackers minted $200 million worth of GALA tokens and converted them to ETH in a short time.

Hackers converted 592 million GALA tokens into 5952 ETH worth $21 million. After the incident was revealed, GALA fell more than 15%.

In the statement made by GALA Games, it was stated that the address where the hackers transferred was blacklisted.

It was also hacked in 2021

As it will be remembered, Gala Games experienced a $130 million hack in 2021. One of the founders accused the other founder of being involved in this hack.

Last year, the SEC sued both Wright Thurston, one of the founders, and some companies linked to Gala Games for alleged unregistered securities sales.

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