TLDR Crypto · MISCELLANEOUS

HACKER STEALS 5 BILLION GALA TOKENS, WORTH $216 MILLION

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Summary from the TLDR Crypto newsletter

A hacker exploited an admin account to mint 5 billion GALA tokens, quickly selling off a portion for $21.8 million in Ethereum, despite Gala Games' efforts to contain the breach using its blocklist feature. This incident adds to Gala Games' troubled history, which includes previous massive token thefts and legal issues, casting further doubt on the company's security measures and internal integrity.