The announcement comes five months after a bad actor minted $1 billion worth of pGALA, a wrapped version of GALA that trades on BNB Chain, and offloaded the tokens on decentralized exchanges including PancakeSwap, plunging the price of the GALA 94%. PNetwork, Gala Games’ cross-chain interoperability bridge, said at the time that it coordinated a “white hat attack” on itself to prevent bad actors from absconding with users’ money.
Source: https://www.coindesk.com/tech/2023/04/03/huobi-and-gala-games-to-give-50m-to-victims-of-pgala-scheme/?utm_medium=referral&utm_source=rss&utm_campaign=headlines