On May 20, 2024, the Web3 gaming platform Gala Games was attacked, resulting in a loss of approximately $21.8 million. The attacker minted 5 billion GALA tokens, worth over $200 million, and quickly sold 592 million GALA, receiving 5,952 ETH. On May 22, according to on-chain records and a statement from Gala Games on Discord, the digital wallet associated with the Gala Games hacker transferred 5,913.2 ETH, which was the hacker returning the stolen funds.ExpandCollapse
On May 20, 2024, the Web3 gaming platform Gala Games was attacked, resulting in a loss of approximately $21.8 million. The attacker minted 5 billion GALA tokens, worth over $200 million, and quickly sold 592 million GALA, receiving 5,952 ETH. On May 22, according to on-chain records and a statement from Gala Games on Discord, the digital wallet associated with the Gala Games hacker transferred 5,913.2 ETH, which was the hacker returning the stolen funds.
- Amount of loss
- $ 21,800,000
- Attack method
- Private Key Leakage
ETH EcosystemSecurity