Gala seems been hacked for $200m, and the hacker is exchanging GALA token to ETH - on chain
etherscan.io •
Revision history
3 recorded changes
Want your article here?
Promote with Leviathan NewsAn 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)
Explore the topic
More on $ETH
Ethereum and Base developers abandon plans to align account abstraction proposals EIP-8141 and EIP-8130, citing diverging priorities on security, scale and compliance
The Block ·
Ethereum treasury firm Bitmine adds $68M in ETH as Tom Lee flags rising ETH-BTC ratio and institutional demand as potential catalysts for further upside
Coindesk ·
Ethereum Foundation protocol researcher resigns, warning Ethereum’s push toward a decentralized “world computer” could disrupt banks, governments and institutions
𝕏/@hantengri ·
Flying Tulip brings a delta-neutral ETH yield strategy to Turtle, pairing staked ETH exposure with WETH debt to reduce directional risk while earning staking income
𝕏/@turtledotxyz ·
Open research effort cuts quantum attack cost on Bitcoin and Ethereum signatures by over 50%
𝕏/@eigenlabs ·
Revoke Cash joins the Encrypt the Mempool Coalition, backing as members push for encrypted Ethereum transactions, seeking a more private, decentralized and credibly neutral network
𝕏/@RevokeCash ·
Ethereum and Base developers abandon plans to align account abstraction proposals EIP-8141 and EIP-8130, citing diverging priorities on security, scale and compliance
The Block ·
Ethereum treasury firm Bitmine adds $68M in ETH as Tom Lee flags rising ETH-BTC ratio and institutional demand as potential catalysts for further upside
Coindesk ·
Ethereum Foundation protocol researcher resigns, warning Ethereum’s push toward a decentralized “world computer” could disrupt banks, governments and institutions
𝕏/@hantengri ·
Flying Tulip brings a delta-neutral ETH yield strategy to Turtle, pairing staked ETH exposure with WETH debt to reduce directional risk while earning staking income
𝕏/@turtledotxyz ·
Open research effort cuts quantum attack cost on Bitcoin and Ethereum signatures by over 50%
𝕏/@eigenlabs ·
Revoke Cash joins the Encrypt the Mempool Coalition, backing as members push for encrypted Ethereum transactions, seeking a more private, decentralized and credibly neutral network
𝕏/@RevokeCash ·