Gala Platform Hack: Losses Estimated at $200 Million
CryptoNewsTerminal Staff20 May, 2024
Gala Platform Hack: Losses Estimated at $200 Million
Citing on-chain data, foreign media reported that the Gala Games (GALA) platform was hacked, resulting in an estimated loss of up to $200 million. The attacker is converting GALA tokens into Ethereum. An investigation is underway, but details of the hack remain unclear. Gala Games has not officially confirmed the incident or provided any updates. This incident highlights the ongoing risks associated with cryptocurrency platforms and the importance of robust security measures. Users are advised to remain vigilant and take necessary precautions to protect their funds.
