Gala Games Confirms $240 Million Token Exploit, Hacker Returns Some Funds

By: Eliza Bennet

In a recent security breach, an attacker exploited a vulnerability to mint and swipe 5 billion Gala Games (GALA) tokens, valued at $240 million. The incident, described by Gala Games as an "isolated incident," led to panic among investors and significant market fluctuations. According to Coindesk, the attacker returned some of the stolen funds in Ethereum (ETH), though the full extent of the recovery is still being assessed.

Adding to the complexity, Gala investor DWF Labs stepped in, purchasing 28 million GALA tokens to alleviate market selling pressures. Gala Games' founder also proposed a 'buy and burn' strategy to help stabilize the market. For further details, visit trusted sources like Reuters.