Gala games down 30% and continuing to fall following billion dollar hack.

“Panic ensued earlier today after a huge chunk of GALA was minted. The stockpile was estimated to be worth $2 billion, causing widespread speculation about a possible hack on the play-to-earn platform Gala Games.

Early reports indicated that an attacker minted $2.17 billion worth of GALA on BSC. 10.72 billion of the minted tokens were then dumped on PancakeSwap, an action that led to the pool on PancakeSwap being completely drained.

Traders exploited the situation and proceeded to buy GALA from PancakeSwap, only to sell it on Huobi Global. This caused the token’s price to tank significantly on the price charts.”

Last November Gala rose from .02 to around 70 cents and seemingly had a lot of hype and different things going for it. Fast forward a year, and it’s back to where it started. They had a lot of games in the works but to my knowledge never actually finished any of them.

*Found and obtained via AMB crypto.