Gala token exploit 'not a white hat act': Huobi Global
Huobi claimed that calling the incident a white hat move was only pNetwork’s excuse to avoid legal sanctions. Days after GameFi project Gala Games and decentralized finance (DeFi) protocol pNetwork assured its community that everything was fine, crypto exchange Huobi Global came out with its version of the story, accusing pNetwork of earning a $4.5 million profit from the recent pGALA crash. On Nov. 3, a suspected attacker minted $2 billion worth of Gala tokens (GALA) on the Binance Smart Chain and dumped a portion of the tokens on PancakeSwap, earning a total of 12,977 Binance Coin (BNB),....
Related News
Amid several difficulties and financial crises in the crypto industry, the value of Gala Games’ native token, GALA, dropped 90%. Community members are speculating the cause of this massive decline is hack exploitation. Some revealed rumors of a billion-dollar rug pull. However, Gala Games debunked the rumors saying all is well. Gala Games is a […]
Gala Games said the unusual activity of its pGALA token was actually part of efforts to safeguard it from potential attack. Blockchain gaming company Gala Games urged its community for calm after misplaced fears of a multi-billion dollar rug pull or hack caused the GALA token to temporarily crash 25.6%.The initial panic, which Gala Games later implied was unfounded, came after a single wallet address appeared to mint over $2 billion GALA tokens out of thin air — which was flagged by blockchain security firm PeckShield on Nov. 3.Fears that the unusual activity was a sign of an exploit or....
It appears that the leaked private key caused a change of ownership in the compromised smart contract 70 days prior. According to a new post by blockchain security firm SlowMist on Nov. 7, it appears that the last week’s token exploit affecting GameFi project Gala Games resulted from a public leak of applicable security keys on GitHub. As told by SlowMist, pNetwork, the cross-chain interoperability bridge used by Gala Games on the BNB Smart Chain, had three privileged roles in its smart contract pGALA.“The Admin role is used to manage upgrades and changes to the Admin address of the proxy....
Monoverse, a blockchain game developer, announced the simultaneous listing of FDT (Frutti Dino Token), the governance token of its blockchain game Frutti Dino, which will list on global crypto exchanges Huobi Global and Gate.io from October 5th.
Huobi Global and Gate.io announced on September 30th that FDT would be listed, and trade would begin on October 5th. Frutti Dino’s listing on the two exchanges represents an extremely significant step toward international recognition.
Developed based on BEP-20, FDT (Frutti Dino Token) is the governance token of Frutti....
While crypto market values are seeing ups and downs over a couple of weeks, the Gala price has jumped 19% in the 24 hours on Feb 15, and giant coins like BTC, ETH saw a single-digit gain on the contrary. Gala games is a blockchain-based gaming studio with an aim to provide players control over […]