Gala Blacklists Hacker, Immobilizing Stolen Crypto
CryptoNewsTerminal Staff20 May, 2024
Gala Blacklists Hacker, Immobilizing Stolen Crypto
Gala Games, a blockchain gaming platform, has taken action against a hacker who compromised its system. Through blockchain analytics platform Spot On Chain, it was revealed that Gala Games has blacklisted the hacker's address, effectively freezing their stolen GALA tokens. The hacker had previously exploited a vulnerability to mint 5 billion new GALA tokens, subsequently swapping 500 million of them for ETH through Uniswap. The blacklisting prevents the hacker from moving or trading the remaining GALA tokens, currently worth approximately $185 million. This move demonstrates Gala Games' commitment to protecting its users and ensuring the integrity of its platform. The blacklisting serves as a warning to potential hackers and reinforces the importance of cybersecurity in the world of blockchain gaming.
