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Latest News

Keep up with what's happening in the crypto world in real-time.

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cover-imageThe Currency Analytics
May 29, 2024

Binance's Heroic Role in $200M Hack Investigation Earns Praise from Gala Games

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.

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cover-imageBenzinga
May 29, 2024

Binance Gets Kudos From Gala Games For Help In $200M Hack Investigation

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.

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cover-imageThe Daily Hodl
May 22, 2024

Gala Co-Founder Confirms Hack, Says Security Incident Led to Unauthorized Sale of $21,000,000 Worth of Coins

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.

Positive
cover-imageCrypto Mufasa
May 22, 2024

Gala Games Recovers $22 Million After GALA Token Attack

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.

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