1. Home
  2. Burn
  3. Gala Games exploiter returns $22M from GALA token attack
Gala Games exploiter returns M from GALA token attack

Gala Games exploiter returns $22M from GALA token attack

0

Source: Coin Telegraph

On Monday, an attacker minted $200 million worth of GALA tokens but managed to sell only a portion of them. It’s just been returned.

Gala Games has received around $22 million in Ether (ETH) from the person responsible for a May 20 “security incident” where $200 million worth of Gala (GALA) tokens were minted and a small portion sold before the wallet was frozen.

On May 21, the attacker’s wallet sent back 5913.2 ETH worth $22.3 million — close to the market value of the 600 million GALA they sold a day earlier.

Gala said in a May 21 blog post that the ETH’s return came after the team’s “swift, effective response and the involvement of Federal law enforcement agencies.”

Read more

Go to Source
Author: Felix Ng