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International Business Times
International Business Times
Business
Marvie Basilan

RARE PHOTOS: Web3 gaming platform gala games suffers 200m exploit ceo believes exploiter identified | Rare Historical Photos

Representation of a cyber attack crime. (Credit: Getty Images/Bill Hinton/Contributor)

KEY POINTS

  • A security auditor said the exploiter was 'systematically selling' the stolen $GALA tokens
  • Gala's CEO admitted that the platform 'messed up' its internal controls
  • The web3 gaming platform also said it was working with law enforcement

Popular web3 gaming platform Gala Games has suffered a multimillion-dollar exploit that involved an admin address minting billions worth of the platform's native $GALA token. The company's CEO admitted that the hack shouldn't have happened.

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