Gala seems been hacked for $200m, and the hacker is exchanging GALA token to ETH - on chain

An attacker exploited a vulnerability in the Gala Games (GALA) token smart contract to unauthorize­ly mint 5 billion GALA tokens, worth roughly $200 million at the time, and began swapping large amounts of GALA for ETH on-chain, including via Uniswap, triggering alarms as explorers like Etherscan showed the flows in real time. The attacker sold around 600 million GALA for nearly 6,000 ETH and dumped roughly $29 million of GALA across decentralized exchanges, driving a rapid price drop of about 15–19% as the market interpreted the transactions as a major hack.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Gala Games' $200M Crypto Catastrophe: Hacking Havoc Exposed (coin360.com)
• Gala Games (GALA) Recovers Funds from Unauthorized Token ... (cryptorank.io)
• Gaming Token Gala Drops Amid Suspect $200M Transfer - Binance (binance.com)
• Binance Gets Kudos From Gala Games For Help In $200M Hack ... (uk.investing.com)
• Gala Announces Migration to V2 Following $200M Token Hack (coingape.com)

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