bitcoin
Bitcoin (BTC) $ 16,853.78 1.33%
ethereum
Ethereum (ETH) $ 1,233.39 2.97%
tether
Tether (USDT) $ 1.00 0.09%
bnb
BNB (BNB) $ 284.48 1.90%
usd-coin
USD Coin (USDC) $ 1.00 0.18%
binance-usd
Binance USD (BUSD) $ 1.00 0.06%
xrp
XRP (XRP) $ 0.384555 1.86%
dogecoin
Dogecoin (DOGE) $ 0.096008 4.34%
cardano
Cardano (ADA) $ 0.310994 2.34%
matic-network
Polygon (MATIC) $ 0.897386 2.28%
polkadot
Polkadot (DOT) $ 5.30 3.63%
staked-ether
Lido Staked Ether (STETH) $ 1,220.64 2.79%
litecoin
Litecoin (LTC) $ 77.04 3.71%
shiba-inu
Shiba Inu (SHIB) $ 0.000009 2.15%
okb
OKB (OKB) $ 20.94 0.72%
dai
Dai (DAI) $ 1.00 0.13%
solana
Solana (SOL) $ 13.53 5.39%
tron
TRON (TRX) $ 0.053226 0.83%
uniswap
Uniswap (UNI) $ 6.01 2.70%
avalanche-2
Avalanche (AVAX) $ 13.28 2.87%
leo-token
LEO Token (LEO) $ 3.79 0.46%
chainlink
Chainlink (LINK) $ 6.89 3.23%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 16,813.29 1.28%
cosmos
Cosmos Hub (ATOM) $ 9.62 5.34%
the-open-network
The Open Network (TON) $ 1.82 0.78%
monero
Monero (XMR) $ 144.19 0.56%
ethereum-classic
Ethereum Classic (ETC) $ 18.78 4.13%
stellar
Stellar (XLM) $ 0.084486 2.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 109.41 2.33%
quant-network
Quant (QNT) $ 117.55 3.72%
crypto-com-chain
Cronos (CRO) $ 0.0643 3.75%
algorand
Algorand (ALGO) $ 0.222183 5.31%
filecoin
Filecoin (FIL) $ 4.35 5.15%
near
NEAR Protocol (NEAR) $ 1.69 5.31%
apecoin
ApeCoin (APE) $ 3.90 6.49%
vechain
VeChain (VET) $ 0.018715 2.62%
hedera-hashgraph
Hedera (HBAR) $ 0.047322 2.31%
internet-computer
Internet Computer (ICP) $ 4.17 4.68%
flow
Flow (FLOW) $ 1.05 6.08%
eos
EOS (EOS) $ 0.99249 3.42%
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 44.25 2.57%
trust-wallet-token
Trust Wallet (TWT) $ 2.45 4.97%
frax
Frax (FRAX) $ 0.999803 0.07%
terra-luna
Terra Luna Classic (LUNC) $ 0.000165 3.60%
axie-infinity
Axie Infinity (AXS) $ 8.51 3.80%
the-sandbox
The Sandbox (SAND) $ 0.585027 4.91%
tezos
Tezos (XTZ) $ 0.988857 2.78%
theta-token
Theta Network (THETA) $ 0.878156 2.90%
aave
Aave (AAVE) $ 61.36 3.97%
chain-2
Chain (XCN) $ 0.038439 1.63%

Gala Games Debunks Hacking Rumors, GALA Token Crashes

08/12/2022

MetaVentures Bangkok 2022

Bangkok, Thailand
14/12/2022
27/02/2023

ICBM Expo

Dubai, UAE
03/03/2023
Hacker Pexel

Blockchain-based gaming platform Gala Games debunks the claims that the platform is hacked or exploited, but the misconfiguration of the pNetwork bridge did cause the plunging of the GALA token.

According to sources, an attacker minted GALA tokens worth $2.17 billion on BSC. Then, 10.72 billion of the newly created tokens were dumped on PancakeSwap, causing the pool to be depleted entirely.

Trading parties took advantage of the circumstance and bought GALA from PancakeSwap to sell it on Huobi Global. The price of the token drastically dropped by 25% as a result.

Binance has been recognized as the exchange utilized by the suspected attacker by on-chain detectives.

Jason Brink, the president of the blockchain firm, revealed that pNetwork was behind the “unusual activity” detected on PancakeSwap that was working to drain the liquidity pool in a bid to protect it from being maliciously exploited.

GALA tokens on Ethereum, and GALA-related assets on the GALA bridge, are currently safe, and the team joined forces with the pNetwork to temporarily halt transaction activity on the bridge.

Brink urged users not to purchase pGALA on PancakeSwap for the time being. The existing PancakeSwap pool remains invalid, and the bridge is temporarily suspended.

According to the company, a new pGALA token will be generated and airdropped to all previous holders after the pool has been completely depleted.

pNetwork tweeted, “Yes, we noticed pGALA wasn’t to be considered safe anymore and coordinated the white hat attack to prevent pGALA from being maliciously exploited. Funds are safe but users should NOT transfer or buy/sell pGALA on pancakeswap.”

Due to concerns, Binance has halted deposits and withdrawals for BEP-20 GALA tokens. Additionally, Binance and the pNetwork team are now going through a recovery strategy for the affected users.

At the time of writing, the GALA token is trading at $0.035. 

Compiled by Coinbold

Top Gainers
NamePrice24h %
Top Losers
NamePrice24h %