{"id":69554,"date":"2022-11-04T10:51:02","date_gmt":"2022-11-04T08:51:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69554"},"modified":"2025-09-07T20:42:51","modified_gmt":"2025-09-07T17:42:51","slug":"gala-games-token-falls-about-25-amid-fears-of-a-multi-million-dollar-hack","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/gala-games-token-falls-about-25-amid-fears-of-a-multi-million-dollar-hack\/","title":{"rendered":"Gala Games token falls about 25% amid fears of a multi-million-dollar hack"},"content":{"rendered":"<p>The price of the Gala Games <span data-descr=\"Play-to-Earn \u2014 play to earn\" class=\"old_tooltip\">P2E<\/span> token fell by about 25.6% amid concerns of a hack or fraud. The team said, &#8220;Everything is under control.&#8221;<\/p>\n<p>The panic, which Gala Games called unwarranted, arose after a single blockchain address minted an anomalous amount of synthetic pGALA tokens. PeckShield researchers flagged this.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Hi <a href=\"https:\/\/twitter.com\/GoGalaGames?ref_src=twsrc%5Etfw\">@GoGalaGames<\/a>, you may want to take a look: <a href=\"https:\/\/t.co\/IfUMdTHz07\">https:\/\/t.co\/IfUMdTHz07<\/a><\/p>\n<p>\u2014 PeckShield Inc. (@peckshield) <a href=\"https:\/\/twitter.com\/peckshield\/status\/1588273496819634176?ref_src=twsrc%5Etfw\">November 3, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Prices fell from $0.0394 to $0.0293 within roughly two hours (<a href=\"https:\/\/www.coingecko.com\/en\/coins\/gala\">CoinGecko<\/a>). At the time of writing, the price had recovered to around $0.035. The coin&#8217;s market capitalization stands at about $263 million.<\/p>\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/lPkLEAaJBKv9HOgj-X5yAvujP1StHwgzeO91Ellv_x7aKrUotO76qSp6OpXgA9RI5vJko53McKGL9NnJBAA7udjFy37-_od-tYSZwqUZT6cuX61nNMTXImMCSW8szpmaRiSv_w6nMge7K7LZ4NUeRM0QZZJrUAELgNpeJNHpeQfqHce3L3PjCMOD25esZA\" alt=\"Gala Games token falls 25% amid multi-million-dollar hack fears\" width=\"627\" height=\"513\"\/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>\u041f\u043e \u043d\u0435\u043a\u043e\u0442\u043e\u0440\u044b\u043c \u0434\u0430\u043d\u043d\u044b\u043c, \u043d\u0435\u0438\u0437\u0432\u0435\u0441\u0442\u043d\u044b\u0435 \u0447\u0435\u0440\u0435\u0437 DEX PancakeSwap \u0432\u044b\u043f\u0443\u0441\u0442\u0438\u043b\u0438 ~55.6 \u043c\u043b\u0440\u0434 pGALA, \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u044c\u044e \u0434\u043e $2.2 \u043c\u043b\u0440\u0434.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1\/ A short thread about <a href=\"https:\/\/twitter.com\/search?q=%24GALA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GALA<\/a>.<\/p>\n<p>An attacker minted 55.6B <a href=\"https:\/\/twitter.com\/search?q=%24GALA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GALA<\/a> ($2.17B) on BSC.<a href=\"https:\/\/twitter.com\/hashtag\/Gala?src=hash&#038;ref_src=twsrc%5Etfw\">#Gala<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/GALAcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#GALAcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/GalaGames?src=hash&#038;ref_src=twsrc%5Etfw\">#GalaGames<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/pNetwork?src=hash&#038;ref_src=twsrc%5Etfw\">#pNetwork<\/a> <a href=\"https:\/\/t.co\/fcjriIKeRa\">https:\/\/t.co\/fcjriIKeRa<\/a> <a href=\"https:\/\/t.co\/Rij3mQsSm6\">pic.twitter.com\/Rij3mQsSm6<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1588352050642837505?ref_src=twsrc%5Etfw\">November 4, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u0427\u0430\u0441\u0442\u044c \u044d\u043c\u0438\u0442\u0438\u0440\u043e\u0432\u0430\u043d\u043d\u044b\u0445 \u0430\u043a\u0442\u0438\u0432\u043e\u0432 \u0445\u0430\u043a\u0435\u0440\u044b \u0441\u043c\u043e\u0433\u043b\u0438 \u0440\u0435\u0430\u043b\u0438\u0437\u043e\u0432\u0430\u0442\u044c \u043d\u0430 \u043f\u043b\u0430\u0442\u0444\u043e\u0440\u043c\u0435 (\u043f\u0440\u0438\u043c\u0435\u0440\u043d\u043e \u043d\u0430 ~13 000 BNB), \u0447\u0442\u043e \u0432\u044b\u0437\u0432\u0430\u043b\u043e \u043e\u0431\u0432\u0430\u043b \u043a\u0443\u0440\u0441\u0430. \u0421\u0438\u0442\u0443\u0430\u0446\u0438\u0435\u0439 \u0432\u043e\u0441\u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u043b\u0438\u0441\u044c \u0430\u0440\u0431\u0438\u0442\u0440\u0430\u0436\u0435\u0440\u044b \u043d\u0430 Huobi, \u043e\u0431\u0440\u0443\u0448\u0438\u0432 \u0446\u0435\u043d\u0443 \u0438 \u0442\u0430\u043c.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"tl\"><a href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&#038;ref_src=twsrc%5Etfw\">#PeckShieldAlert<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24GALA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GALA<\/a> at 0.0056 <a href=\"https:\/\/twitter.com\/search?q=%24USDT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDT<\/a> on Huobi vs. <a href=\"https:\/\/twitter.com\/search?q=%24GALA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GALA<\/a> at 0.034 <a href=\"https:\/\/twitter.com\/search?q=%24USD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USD<\/a> on Binance <a href=\"https:\/\/t.co\/ubjf3VcPDl\">pic.twitter.com\/ubjf3VcPDl<\/a><\/p>\n<p>\u2014 PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1588352457062502402?ref_src=twsrc%5Etfw\">November 4, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u0411\u0438\u0440\u0436\u0430 <a href=\"https:\/\/www.huobi.com\/support\/zh-cn\/detail\/84921856563770\">\u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430<\/a> \u043e \u0432\u0440\u0435\u043c\u0435\u043d\u043d\u043e\u043c \u0434\u0435\u043b\u0438\u0441\u0442\u0438\u043d\u0433\u0435 \u0442\u043e\u043a\u0435\u043d\u0430. <a href=\"https:\/\/twitter.com\/binance\/status\/1588434639643111425?ref_src=twsrc%5Etfw\">Binance<\/a>, \u0438\u0437-\u0437\u0430 \u043e\u043f\u0430\u0441\u0435\u043d\u0438\u0439 \u043a\u0430\u0441\u0430\u0442\u0435\u043b\u044c\u043d\u043e \u0441\u0438\u0442\u0443\u0430\u0446\u0438\u0438, \u043f\u0440\u0438\u043e\u0441\u0442\u0430\u043d\u043e\u0432\u0438\u043b\u0430 \u0434\u0435\u043f\u043e\u0437\u0438\u0442\u044b \u0438 \u0432\u044b\u0432\u043e\u0434 \u0441\u0440\u0435\u0434\u0441\u0442\u0432 \u0432 GALA. \u041f\u043b\u0430\u0442\u0444\u043e\u0440\u043c\u0430 \u0442\u0430\u043a\u0436\u0435 \u043f\u0440\u0435\u043a\u0440\u0430\u0442\u0438\u043b\u0430 \u043f\u043e\u0434\u0434\u0435\u0440\u0436\u043a\u0443 \u0430\u043a\u0442\u0438\u0432\u0430 \u043d\u0430 \u0441\u0442\u0430\u043d\u0434\u0430\u0440\u0442\u0435 BEP-20 (BSC), \u043e\u0441\u0442\u0430\u0432\u0438\u0432 \u0442\u043e\u043b\u044c\u043a\u043e ERC-20 (Ethereum).<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> suspended deposits and withdrawals for <a href=\"https:\/\/twitter.com\/search?q=%24GALA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GALA<\/a> (BEP-20) on November 3, 19:49pm UTC, due to concerns regarding pNetwork\u2019s pGALA token.<\/p>\n<p>We will also cease support of GALA token on BEP-20 (BSC) network, but continue to support the token on ERC-20 network.<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1588434639643111425?ref_src=twsrc%5Etfw\">November 4, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab\u041e\u0431\u043d\u043e\u0432\u043b\u0435\u043d\u0438\u0435 \u0434\u043b\u044f \u0432\u0441\u0435\u0445 \u2014 \u0432\u043e\u043a\u0440\u0443\u0433 GALA \u043e\u0447\u0435\u043d\u044c \u043c\u043d\u043e\u0433\u043e <span data-descr=\"fear, uncertainty and doubt\" class=\"old_tooltip\">FUD<\/span>\u2026 \u041c\u043d\u043e\u0436\u0435\u0441\u0442\u0432\u043e \u043b\u044e\u0434\u0435\u0439 \u0431\u0440\u043e\u0441\u0430\u0435\u0442\u0441\u044f \u0441\u043b\u043e\u0432\u0430\u043c\u0438 \u0432\u0440\u043e\u0434\u0435 \u201c\u0432\u0437\u043b\u043e\u043c\u201d \u0438 \u201c\u0441\u043a\u0430\u043c\u201d. \u041d\u0438 \u0442\u043e, \u043d\u0438 \u0434\u0440\u0443\u0433\u043e\u0435 \u043d\u0435 \u0441\u043e\u043e\u0442\u0432\u0435\u0442\u0441\u0442\u0432\u0443\u0435\u0442 \u0434\u0435\u0439\u0441\u0442\u0432\u0438\u0442\u0435\u043b\u044c\u043d\u043e\u0441\u0442\u0438\u00bb, \u2014 \u043d\u0430\u043f\u0438\u0441\u0430\u043b\u0430 \u043a\u043e\u043c\u0430\u043d\u0434\u0430 Gala Games.<\/p>\n<\/blockquote>\n<p>\u041f\u0440\u0435\u0437\u0438\u0434\u0435\u043d\u0442 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 \u043f\u043e \u0431\u043b\u043e\u043a\u0447\u0435\u0439\u043d\u0443 \u0414\u0436\u0435\u0439\u0441\u043e\u043d \u0411\u0440\u0438\u043a \u0437\u0430\u044f\u0432\u0438\u043b, \u0447\u0442\u043e \u0437\u0430 \u043e\u0431\u043d\u0430\u0440\u0443\u0436\u0435\u043d\u043d\u043e\u0439 \u043d\u0435\u043e\u0440\u0434\u0438\u043d\u0430\u0440\u043d\u043e\u0439 \u0430\u043a\u0442\u0438\u0432\u043d\u043e\u0441\u0442\u044c\u044e \u0441 \u0442\u043e\u043a\u0435\u043d\u0430\u043c\u0438 \u043d\u0430 PancakeSwap \u0441\u0442\u043e\u044f\u0442 \u0440\u0430\u0437\u0440\u0430\u0431\u043e\u0442\u0447\u0438\u043a\u0438 \u043f\u0440\u043e\u0442\u043e\u043a\u043e\u043b\u0430 pNetwork.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Before you panic about <a href=\"https:\/\/twitter.com\/search?q=%24GALA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GALA<\/a>, please read this thread from <a href=\"https:\/\/twitter.com\/pNetworkDeFi?ref_src=twsrc%5Etfw\">@pNetworkDeFi<\/a>.<\/p>\n<p>TLDR: Everything is fine. The activity you have been seeing on <a href=\"https:\/\/twitter.com\/PancakeSwap?ref_src=twsrc%5Etfw\">@PancakeSwap<\/a> is pNetwork working to drain the liquidity pool. GALA on ETH is completely unaffected.<\/p>\n<p>Do not buy <a href=\"https:\/\/twitter.com\/search?q=%24pGALA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$pGALA<\/a> on PancakeSwap for now <a href=\"https:\/\/t.co\/bAnHxlVcp1\">https:\/\/t.co\/bAnHxlVcp1<\/a><\/p>\n<p>\u2014 Jason Brink aka BitBender (@BitBenderBrink) <a href=\"https:\/\/twitter.com\/BitBenderBrink\/status\/1588301866290786304?ref_src=twsrc%5Etfw\">November 3, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The team later said they had found a misconfiguration in the bridge Gala Games uses to interact with BNB Smart Chain. According to developers, solving the issue required reallocating wrapped pGALA tokens and draining the PancakeSwap liquidity pool.<\/p>\n<p>They added that they had taken a snapshot for a future airdrop and urged users not to move assets on the platform to avoid losses.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abAll Gala tokens on Ethereum, as well as the bridge collateral, are SAFE\u00bb,<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">5\/n All GALA tokens on Ethereum as well as the underlying bridge collateral are SAFE.<\/p>\n<p>\u2014 pNetwork \ud83e\udd9c (@pNetworkDeFi) <a href=\"https:\/\/twitter.com\/pNetworkDeFi\/status\/1588267590224338949?ref_src=twsrc%5Etfw\">November 3, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the statement, instead of the \u201ccompromised pGALA,\u201d new tokens would be created to be distributed via an airdrop \u201cin the coming days.\u201d <\/p>\n<p>pNetwork\u2019s developers also responded to PeckShield:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abYes, we noticed that pGALA can no longer be considered safe, and we coordinated a white-hat attack to prevent pGALA from being maliciously exploited. Funds are safe, but users should NOT transfer or buy\/sell pGALA on PancakeSwap\u00bb.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Yes, we noticed pGALA wasn\u2019t to be considered safe anymore and coordinated the white hat attack to prevent pGALA from being maliciously exploited. Funds are safe but users should NOT transfer or buy\/sell pGALA on pancakeswap<\/p>\n<p>\u2014 pNetwork \ud83e\udd9c (@pNetworkDeFi) <a href=\"https:\/\/twitter.com\/pNetworkDeFi\/status\/1588275606340636672?ref_src=twsrc%5Etfw\">November 3, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Back in June, the Gala Games team <a href=\"https:\/\/u1f987.com\/en\/news\/gala-games-unveils-first-nft-game-on-epic-games-store\">announced<\/a> the debut of the first NFT game in the Epic Games Store, a battle\u2011royale titled GRIT inspired by Westerns.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the Gala Games P2E token fell by about 25.6% amid concerns of a hack or fraud. The team said that &#8220;everything is under control&#8221;.<\/p>\n","protected":false},"author":1,"featured_media":69555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1155,596],"class_list":["post-69554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-games-and-gamefi","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69554"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69554\/revisions"}],"predecessor-version":[{"id":69556,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69554\/revisions\/69556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69555"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}