$GALA Multi-Billion Hack, What Really Happened?

November 4, 2022

Gala Games president urged its community to keep calm after misplaced fears of a multi-billion dollar hack caused the GALA token to temporarily crash 25.6%.

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Gala Games president for blockchain Jason Brink explained that the unusual activity detected on DEX PancakeSwap was performed by pNetwork.

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The network was working to drain the liquidity pool as a means to safeguard it from a potential vulnerability.

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Lots of people are tossing around words like ‘hack’ and ‘rug’. Neither of these is the case”, GALA tweeted

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A unusual activity was reported that caused the GALA token price to drop a dramatic 25.6% from $0.0394 to $0.0293 over a 130-minute stretch late on November 3, reports said.

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In a separate tweet, pNetwork confirmed that a misconfiguration event took place.

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It also responded to a tweet from Peckshield to note that it coordinated the white hat attack to prevent pGALA from being exploited

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