![]() ![]() 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). ![]() “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. item 0 item 1 item 2 item 3 item 4 item 5 item 6 item 7 Item 2 of 8. In a dramatic escalation of internal conflicts, Eric Schiermeyer, CEO of Gala Games, and Wright Thurston, the company’s co-founder, have filed lawsuits against each other, sending shockwaves through the blockchain gaming community. Cross-chain bridges are decentralized applications that enable the transfer of assets from one blockchain to another. However, pNetwork, which provides cross-chain support for decentralized finance (Defi) and gaming tokens such as GALA, soon claimed it was behind the ordeal. 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. NFTs Are Spurring a Digital Land Grabin Videogame Worlds. For Just 5,000 You Can Own One Snoop Dogg Song on the Blockchain. Gala Games and C² Ventures launch 100M fund for blockchain games. Both Eric and Michael co-founded and worked for Zynga. The company was founded back in 2019 by Eric Schiermeyer, Wright Thurston, and Michael McCarthy. GALA lost almost 89 of its value last year, and it was one of the worst-performing cryptocurrencies but it has since recovered as. Skaggs will oversee a larger group of engineers, economists, and designers who will work on the Town Star platform. GALA turned out to be one of the biggest disappointments of 2022. After registering a mega fall in 2022, GALA price has jumped by a whopping 130. Galaverse Malta: The Web3 future of Entertainment. Gala Games is a blockchain gaming platform that aims to provide web3 technologies and services to gamers and developers. A significant step toward becoming one of the industry leaders in Web3 gaming is the appointment of Mark Skaggs as SVP of Games. It happens after the developers disclosed a significant partnership with The Rock and a change in its business model, the Gala price made an amazing comeback. NFTs are a way to own unique digital items such as sports collectibles. 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. GALA Price News: The gala token has surged by a massive 60 percent in the last 24 hours. Well, the big news is that Gala Games plans to spend 5 billion on non-fungible tokens (NFT) projects in the coming year.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |