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FTX adviser AlixPartners boosts crypto tracing with Chainalysis
31.10.2024
Crypto and DeFi fraud schemes have a lot in common with loan schemes and market manipulation in 1980 and the dot com era, AlixPartners’ David White observed
Jump Into a Spider Tank on the Gala Network
17.10.2024
In the latest episode of Regina’s Web3 Gaming Odyssey, she explored the fast-paced, blockchain-powered universe of Spider Tanks—a game that merges PvP combat with NFT-driven customization. Learn why Regina thinks this Ethereum-based game stands out. Last episode’s quick recap SOL Arena,...
Crypto losses from fraud and hacks declined 12% in May — Immunefi
30.5.2024
The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year
Exploiter of Gala Games returns $22 million GALA tokens in ETH
22.5.2024
An exploiter recently minted $200 million worth of GALA tokens. They have been identified as a security contractor who slipped after connecting their wallet without a VPN. The exploiter has now returned $22.3 million of GALA tokens in ETH. It roughly translates to 5913.2 Ether tokens and...
Gala Games Receives $22 Million in ETH from Perpetrator of Security Breach
22.5.2024
Blockchain gaming platform Gala Games has retrieved approximately $22 million worth of Ether (ETH) from the individual responsible for a recent "security incident."
The post Gala Games Receives $22 Million in ETH from Perpetrator of Security Breach appeared first on Cryptonews
Gala Games exploiter returns $22M from GALA token attack
22.5.2024
On Monday, an attacker minted $200 million worth of GALA tokens but managed to sell only a portion of them. It’s just been returned
Gala Games Hacker Returns $23M in ETH; Founder Proposes 'Buy and Burn'
21.5.2024
Gala investor DWF Labs also said that it had purchased 28 million GALA tokens "to alleviate market selling pressures."
GALA token drops 15% after $200 million security breach at Gala Games
21.5.2024
In a significant blow to the blockchain gaming sector, Gala Games has reportedly lost over $200 million in a potential exploit, resulting in a sharp 15% decline in the value of its native token, GALA. Gala Games’ security team disclosed the incident in the early hours of May 20 after detecting...
Gala Games Hit by $23 Million Token Exploit Due to ‘Messed Up’ Internal Controls
21.5.2024
Gala Games, a prominent blockchain gaming platform, experienced a significant security breach attributed to "messed up internal control" that resulted in the unauthorized sale of 600 million GALA tokens, valued at $23 million.
The post Gala Games Hit by $23 Million Token Exploit Due...
Gala Games CEO blames $23M exploit on ‘messed up’ internal controls
21.5.2024
Gala Games CEO Eric Schiermeyer confirmed on Tuesday there was a “security incident” that resulted in the unauthorized sale of 600 million GALA tokens
Gala Games and EMERGE Group forge groundbreaking Web3 alliance
17.4.2024
As a frontrunner in Web3 gaming, Gala Games has recently disclosed an extremely impressive partnership with the huge EMERGE Group. As a group, they strive to disrupt the gaming industry using blockchain technology being state-of-the-art. This fundamental partnership is a key step in bringing a...
Is It Too Late to Buy GALA? GALA Price Rockets 80% as New Coin Goes Viral on X
11.3.2024
GALA has rise by 13% in the past 24 hours, with the Gala price reaching $0.07852 on a day when the market as a whole posts a 2% rise.
The post Is It Too Late to Buy GALA? GALA Price Rockets 80% as New Coin Goes Viral on X appeared first on Cryptonews
Is It Too Late to Buy GALA? GALA Price Soars 44% as New Crypto Casino Project Enters the Spotlight
27.10.2023
Gala Games (GALA) has undertaken an impressive relief rally as GALA price pushes up +44% in defiance of legal headwinds from bickering top brass. CEO Eric Schiermeyer and Co-Founder Wright Thurston are expected to lock horns in an unfolding legal drama stemming from allegations of misappropriated...
What is Gala Games and how to buy GALA coin?
18.9.2023
Gala Games is a blockchain-based gaming platform enabling players to create, own, and trade in-game assets using cryptocurrencies
Gala Games publishes an official statement amid lawsuits
7.9.2023
Blake Walker, the General Counsel for Gala Games, has issued a clarification to inform the community that the ecosystem is well-preserved within the boundaries of ethics. The ongoing legal battle is merely a dispute between its founders with no effect on its operations whatsoever. A lot of pieces...
Legal Battle at Gala Games: CEO Accuses Co-Founder of $130 Million Theft
4.9.2023
Gala Games CEO Eric Schiermeyer has filed a lawsuit against the company's co-founder, Wright Thurston, alleging the theft of 8.6 billion GALA tokens worth $130 million in early 2021.
In addition to alleging theft, the lawsuit claims that Thurston has a history of founding companies that end...
CEO of Gala Games files lawsuit against co-founder
4.9.2023
An uneasy occurrence has taken place at Gala Games, with the CEO of the company, Eric Schiermeyer, having filed a lawsuit against the Co-Founder, Wright Thurston. This is with regard to the misappropriation of funds. As a result, its token value has fallen by 13%. The allegation is that Thurston...
Gala Games founders biff over $130M theft, corporate waste allegations
4.9.2023
Gala co-founder Eric Schiermeyer allegedly enriched himself, says his founding peer Wright Thurston, while Schiermeyer says Thurston stole millions
GameFi developer Gala Games to launch Web3 poker platform with PokerGO
22.5.2023
“Players will soon realize the heightened entertainment that comes with playing poker in an immersive Web3 environment,” said Eric Schiermeyer, founder of Gala Games
Gala Games does away with 21 billion GALA tokens
18.5.2023
Gala Games has taken the opportunity of coming out with its declaration that it has done away with nearly 21 billion GALA tokens. At the present point in time, the overall value of this is over the amount of $637 million. This is following its V2 token airdrop. The tokens were part of its reserves...