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Co-founders of blockchain gaming platform Gala Games, Eric Schiermeyer and Wright Thurston, have filed dueling lawsuits against each other.

Gala co-founder Eric Schiermeyer allegedly enriched himself, says his founding peer Wright Thurston, while Schiermeyer says Thurston stole millions.

Gala Games is embroiled in an ongoing legal battle between its CEO Eric Schiermeyer and Wright Thurston, the founder of True North United Investments.

In a dramatic escalation of internal conflicts, Eric Schiermeyer, CEO of Gala Games, and Wright Thurston, the company's co-founder, have filed lawsuits against each other, sending shockwaves through the blockchain gaming community.

Last Thursday, True North United Investments LLC filed a complaint through its attorneys on behalf of Blockchain Game Partners (BGP), Inc. and investors in Gala Games against Gala Games CEO and Co-founder Eric Schiermeyer. The complaint alleges “corporate waste, conversion, and unjust enrichment,” and calls for the removal of Schiermeyer as a director and president of BGP.

The co-founder filed his own lawsuit in response, alleging the CEO used the company to enrich himself, including a corporate jet.

Gala Games' leadership, including CEO Eric Schiermeyer and co-founder Wright Thurston, are embroiled in a dispute. This legal clash has caused the value of the native token of the blockchain gaming project to nosedive.

There is a legal storm brewing in the Gala Games ecosystem after the project's co-founders, Eric Schiermeyer and Wright Thurston dragged themselves to court. The GALA Games Legal Brawl According to filings lodged with the United States District Court for the District of Utah, Eric is accusing Thurston and his company True North United Investments,

GALA, the native token of Gala Games, is under immense selling pressure as of early September 2023. Trackers show that the token is down 72% from 2023 peaks when it soared to $0.062 in late January 2023.

In a shocking and unprecedented twist of fate, Gala Games, a towering presence in the burgeoning web3 gaming industry, has been thrust into the spotlight due to a fierce feud between its co-founders. Eric Schiermeyer and Wright Thurston, once partners in a vision for the future of gaming, have turned against each other, setting in motion a dispute that has rocked the foundations of the web3 gaming community.

Gala Games co-founders Eric Schiermeyer and Wright Thurston are suing each other, alleging Thurston stole $130 million in GALA tokens. Thurston has been sued by the SEC for fraudulent activities.

Ethereum price retreated sharply after the Securities and Exchange Commission (SEC) delayed its ETF decision for companies like Invesco, Blackrock, and WisdomTree. The ETH coin was trading at $1,640 on Friday, a few points above last month's low of $1,538.

In a remarkable twist of fate, the indigenous digital token of Gala Games, renowned as GALA, has undergone an unprecedented upswing of 14% during its early trading sessions, effectively showcasing its unwavering fortitude amidst the capricious terrain of the cryptocurrency market. As of the current chronicle, GALA's valuation has ascended by an impressive 9.52% within the preceding 24-hour period, culminating in a price point of $0.025 per individual token.

The GALA price broke down from a short-term horizontal support level and is approaching its all-time low region.

Gala Crypto Price Prediction: My outlook on GALA Games remain bearish as it has failed to breakout above the downward trendline once again.

GALA, the native token of Gala Games, a Web3 gaming platform, unexpectedly increased 14% in early trading today. GALA was up 9.52% in the last 24 hours to $0.025 at the time of writing.

Gala Crypto Price Prediction: Gala Games is currently in a downward spiral. The project has recently shown some major developments.

Gala Games President of Blockchain shares his thoughts on the GALA token upgrade and the latest SEC turmoil with Decrypt's Kate Irwin.

The next few days seem to be very critical for Gala Crypto price prediction. The price is testing the trendline that started in Nov 2021.

PokerGO Play integrates web3 technology for an enhanced social poker experience Maria Ho was appointed as the official PokerGO Play ambassador. PokerGO and Gala Games synergize poker entertainment with advanced Web3 expertise.

Gala Games, an acclaimed GameFi project, has ushered in a new era of online gaming, joining hands with PokerGO, the renowned Las Vegas-based poker streaming platform. The alliance paves the way for ‘PokerGO Play,' an avant-garde Web3 social poker game that promises to revolutionize the player experience.

“Players will soon realize the heightened entertainment that comes with playing poker in an immersive Web3 environment,” said Eric Schiermeyer, founder of Gala Games.

In an unprecedented move, leading gaming company Gala Games obliterated nearly 21 billion of its (CRYPTO: GALA) tokens, equating to more than $637 million at the time of the burn. What Happened: This colossal token burn was undertaken following the completion of the V2 token airdrop from the company's reserves.

The GameFi Gala Games project said that it had destroyed 21 billion GALA v1 tokens after the "makeover" that involved the release of new tokens.