CoinDesk - Gala Games' token price plummeted 19% on Monday due to a mysterious $200 million token sale, raising hack fears

in blockchain •  6 months ago 

https://www.coindesk.com/business/2024/05/20/gaming-token-gala-drops-amid-suspect-200m-transfer/
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The price of Gala Games' token (GALA) dropped significantly on Monday due to concerns about a large, unauthorized transfer.

An unidentified party created and sold 5 billion GALA tokens on a cryptocurrency exchange, leading to fears of a hacking incident.

This caused the price to plunge by 19% in a short period.

Beware of this unauthorized GALA transfer!!

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