Gala Games Hit by Major Security Breach: Over $200 Million at Risk

On May 21, Gala Games, a leading blockchain gaming project, faced a major security breach. An unknown attacker exploited the platform, minting 5 billion GALA tokens worth an estimated over $200 million. The incident has sent ripples through the crypto gaming community and raised serious questions about the security protocols in place at Gala Games.

Gala Games, a blockchain gaming startup co-founded by Zynga’s Eric Schiermeyer, experienced a major security breach involving GALA tokens. On May 21, the attack saw the unauthorized creation and potential sale of these tokens, causing significant concern amongst investors and players.

Gala Games CEO Eric Schiermeyer says “messed up” internal controls led to the security breach that saw 5 billion tokens worth over $200 million minted on Monday. The company is currently investigating the full extent of the breach and working to mitigate the damage.

This latest security lapse underscores the vulnerabilities inherent in the blockchain gaming space and highlights the need for enhanced security measures to protect users and their assets. Stay tuned for further updates as the situation unfolds.