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Gala Music releases NxWorries Mystery Box with exclusive content and rewards.

AEONS releases new track 'WW3 (Hugs & Kisses XOXO)' via Gala Music, featuring limited Signature Editions.

Gala Price Prediction: A renewed recovery sentiment is spread across the crypto market as Bitcoin price regained value above $71000 on Wednesday's U.S trading session. Along with the majority of major altcoins, the Gala token witnessed a significant inflow showcasing a 4-day rally from $0.042 to $0.0485.

Gala's (GALA) price has trended within a horizontal channel since April 12, signaling a relative balance between buying and selling pressures.

The price of Gala Games (GALA) has been moving in a consolidation manner for a while now, moving between $0.05288 and $0.03758, forming a Descending Triangle pattern in the process. GALA has been on a bearish trend since hitting its all-time high of $0.08714, making a drop of over 300%.

In Immunefi's most recent report of May 2024, the cryptocurrency industry had lost a lot of money in hacks and frauds. Reporting these failures as of May, the total is 108, with overall losses of $473,229,944, a 20% negative change from the data of 2023, where the total hacks were estimated at $595,438,324.

Gala Games, a prominent player in the Web3 gaming realm, expressed profound gratitude towards Binance for their instrumental role in uncovering the perpetrator behind a staggering $200 million exploit. This remarkable collaboration underscores not only the importance of industry-wide cooperation but also the critical role of transparency and accountability in fortifying the blockchain ecosystem.

Gala Games (CRYPTO: GALA) expressed gratitude towards Binance (CRYPTO: BNB) for their assistance in identifying the perpetrator behind a recent hack, underscoring their commitment to a more transparent blockchain space. What Happened: Gala Games took to X, formerly Twitter, to acknowledge Binance for their assistance in identifying the person responsible for a $200 million exploit last week.

Gala Games, a prominent player in the blockchain gaming space, finds itself embroiled in a $23 million GALA token hack. CEO Eric Schiermeyer attributes the breach to “messed up” internal controls, sending shockwaves through the cryptocurrency market and sparking widespread concerns over security and investor confidence.

Blockchain-based gaming platform Gala (GALA) says it recovered over $20 million worth of crypto assets that were stolen during a security breach earlier this week.

The cryptocurrency market has experienced significant price volatility since the week started, highlighting increased price action within the crypto space. Moreover, the pending decision of the approval of the spot Ethereum ETF by the SEC has ignited a fresh bull rally-like situation in the market.

Gala Games recently found itself at the center of a gripping saga that tested the resilience of its platform and community. A security breach on May 20 sent shockwaves through the crypto sphere when $200 million worth of Gala tokens were minted, with a fraction promptly sold off.

Gala Games' token, GALA, was a top gainer on Wednesday after funds from a recent security incident have been recovered and proposed to burn for the token's stability.

The co-founder of Gala (GALA), Eric Schiermeyer, is revealing the genesis of an exploit that led to the loss of crypto assets worth millions of dollars on the blockchain-based gaming platform. Schiermeyer says that a security incident triggered the “unauthorized SALE of 600 million ($21 million) GALA tokens and the effective BURN of 4.

Utilizing GalaChain's blocklist protocol feature, Gala Games effectively froze 4.4 billion GALA out of the 5 billion minted within a mere 45 minutes after the incident occurred. This proactive measure helped mitigate the impact of the attack and safeguard the platform's assets.

The hacker who exploited Gala Games' system to mint and sell 600 million GALA tokens returned $22 million in Ether after swift action and federal law enforcement involvement.

Gala Games (GALA) recovered its funds after the hacker decided to return the gains from the exploit. In a recent unauthorized minting exploit, 5B new GALA tokens were created and converted to ETH.

The individual behind the hack of Gala Games last week was back to refunding almost 5,950 ETH, worth approximately $22. 75 million. This came after a recent security incident involving a loss of $200 million worth of crypto in relation to its native GALA tokens.

Following yesterday's security breach, Gala Games announced that the stolen funds had been recovered as Ethereum (ETH).

On Monday, an attacker minted $200 million worth of GALA tokens but managed to sell only a portion of them. It's just been returned.

In a recent security incident, Gala Games, a Web3 gaming company, fell victim to an exploit that led to the unauthorized minting of 5 billion tokens, equivalent to approximately $214 million. The hacker behind the breach subsequently sold 592 million GALA tokens, amounting to $21.8 million in value, as blockchain analysis firm Lookonchain confirmed.

After 5 billion GALA tokens were minted and swiped Monday, Gala Games got back some of the funds in ETH—and is still figuring out the rest.

Gala Games said it responded swiftly to the significant security breach on May 20 that resulted in the unauthorized sale of $21 million worth of GALA tokens and the “effective burn” of an additional 4.4 billion tokens. The exploit has highlighted vulnerabilities within the project's internal controls, prompting immediate action from the company.

The digital wallet associated with the Gala Games exploit transferred out 5,913.2 ETH, valued at $22.5 million, on-chain data shows.