![]() ![]() ![]() The company also said they've been working closely with Gala and several other exchanges to restore token balances and the functionality of pGALA deposits and withdrawals. According to the firm, the mint was necessary to help drain a faulty PancakeSwap pool containing pGALA tokens. In a bid to clear all confusion, pNetwork quickly issued a statement explaining the reasons behind the billion-dollar mint. However, it didn't help allay fears when bad actors took advantage by calling Gala Games a "rug" and "scam", spreading more FUDs in Crypto Twitter. According to reports, it all began when people noticed a single blockchain address minting over $1 billion worth of $GALA from nowhere.īlockchain analytics firm PeckShield was the first to flag the unusual activity before pointing out that pNetwork, a cross-chain DeFi and NFT game routing protocol, was behind the mint. ![]() $GALA tanked 27% after fears of a billion-dollar crypto hackĬhaos ensued on late Thursday when Gala Games' native token, $GALA, plunged 27% on rumors of a billion-dollar crypto hack. ![]()
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