Gala Games Exploiter Returns $22M in ETH After GALA Token Attack

The post Gala Games Exploiter Returns $22M in ETH After GALA Token Attack appeared first on Coinpedia Fintech News

Gala Games received 5,913.2 ETH (around $22.3 million) from the attacker who minted $200 million in GALA tokens on May 20. The attacker had sold a small portion before the wallet was frozen. The return was the result of prompt action by Gala and the enforcement of federal law. Additionally, 4.4 billion of the 5 million minted GALA tokens were frozen using GalaChain’s blocklist protocol. Currently, Gala plans to buy back and burn the GALA tokens with the returned ETH, pending a governance vote. The price of GALA rose by 9.3% this week.