Keep that in mind when you watch the following charts and read the explanation below. It increased more than 3,000 since its all-time low on Dec. The network explained the issue was due to a “misconfiguration of the p.Network bridge,” specifically, a “PancakeSwap pool,” which let users swap pGALA tokens with tokens from the Binance Smart Chain (BSC). In one years time, Gala saw an immense rise in value. Crypto wallets are a secure way to store and manage digital assets, but they must be used responsibly to ensure safety. By Rochelle Manalo Updated: 09 January 2023 Disclosure Join Our Telegram channel to stay up to date on breaking news coverage This week, GALA had a pump. In the past 24 hours, the crypto has increased by 0.000008 in its current value. Currently, Gala Games supports coinbase and metamask wallets. According to the latest data gathered, the current price of Gala is 0.02, and GALA is presently ranked No. “We noticed pGALA wasn’t to be considered safe anymore and coordinated the white hat attack to prevent pGALA from being maliciously exploited,” said the pNetwork on Twitter. Obviously, it requires a crypto wallet for asset management and transactions. At the time of writing, some of the gains had eased, and GALA was up 26 at 0.026. Schiermeyer is accused of burning 600 million in tokens and taking millions of dollars in loans. Players and node owners will be enlisted, via distributed voting mechanisms, to help. Through decentralization, players not only own their in-games items, but they have a voice in how the Gala Games roadmap develops. Cross-chain bridges are decentralized applications that enable the transfer of assets from one blockchain to another. GALA, the native token that powers Gala Games, a platform for blockchain gaming, was a top gainer among major cryptocurrencies as its price suddenly shot up 33. Gala Games CEO and Co-dounder Eric Schiermeyer is accused by investors of stealing company assets. The decentralized Gala Games ecosystem aspires to blow the doors wide open and give players back the control they deserve. However, pNetwork, which provides cross-chain support for decentralized finance (Defi) and gaming tokens such as GALA, soon claimed it was behind the ordeal. They can also produce and trade non-fungible tokens (NFTs) in-game or on non-game exchanges. According to the company, the attack was a self-inflicted security measure.īlockchain security company PeckShield flagged that a single wallet address appeared to mint over US$2 billion worth of GALA tokens unexpectedly on Friday, raising fears of a cyberattack. Gala Games (GALA) Gala Games (GALA) is a blockchain-based, play-to-earn gaming platform that allows users to earn GALA tokens by completing in-game goals. Gala Games, an Ethereum-based play-to-earn gaming company, is trying to calm investors after an apparent multi-billion exploit of its native token GALA triggered an over 20% drop in its value Thursday.

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