 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
Cryptocurrency News Articles
Gala Games Loses $22.2M in Cryptocurrency Heist, Blames Internal Controls
May 22, 2024 at 09:16 pm
Blockchain gaming platform Gala Games had nearly $22.2 million worth of cryptocurrency exfiltrated following a cryptocurrency heist on the evening of May 20
Blockchain gaming platform Gala Games has lost nearly $22.2 million in cryptocurrency following a hack on the evening of May 20, The Record, a news site by cybersecurity firm Recorded Future, reported.
The amount was derived from the 5,913 Ethereum (CRYPTO: ETH) the hacker received in exchange for the 600 million GALA coins stolen from the platform, according to Gala Games founder Eric Schiermeyer.
The attacker's efforts to cash out nearly 4.4 billion more GALA coins were thwarted, Schiermeyer noted.
"We identified the compromise and within 45 minutes we secured and removed unauthorized access to the $GALA contract," Schiermeyer said, attributing the incident to the platform's lackluster internal controls.
Meanwhile, Gala Games was found by blockchain security experts to have had its administrative account breached to facilitate continuous new coin minting, The Record reported, citing blockchain analysis firm BlockSec.
The incident comes after the theft of almost $320,000 worth of Binance Coin (CRYPTO: BNB) from the WonderHero play-to-earn game and over 600 million from the widely known Axie Infinity (CRYPTO: AXS) game.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin, CPI Week, and Pepeto: Navigating Market Volatility for Potential Gains
- Oct 13, 2026 at 04:05 am
- As CPI week approaches, the crypto market holds its breath. Bitcoin hovers near key resistance levels, while the innovative Pepeto presale offers a different path to potential returns, attracting early adopters seeking significant growth.
-
- Kaspa Founder, Kaspa Community, Growing Criticism: The Silent Scientist vs. The Roaring Crowd
- Oct 13, 2026 at 04:05 am
- Amidst rising criticism, Kaspa founder Yonatan Sompolinsky's silence is viewed by supporters as a strategic strength, drawing more attention to the project and its robust technical foundations.
-
- Uniswap's Unichain Embraces OP Enterprise for a Supercharged Future in Interoperability
- Oct 13, 2026 at 04:05 am
- Uniswap's Unichain is making a strategic move to OP Enterprise, aiming for native interoperability within the Optimism Superchain, with key migration dates set for October 2026. This upgrade signals a future of seamless cross-chain asset flows and enhanced developer opportunities.
-
- Hardware Wallets & Crypto Security: Navigating the Shifting Sands of Digital Custody in NYC
- Oct 13, 2026 at 03:59 am
- Recent hardware wallet compromises, particularly the Ledger incident, have ignited a crucial debate in the crypto world: are self-custody devices truly safer than exchange-traded funds (ETFs)? This news release delves into the evolving landscape of crypto security, supply chain vulnerabilities, and the ongoing quest for robust digital asset protection, all with a nod to the savvy New Yorker.
-
-
- DeepSeek Invests Big in Robot Brains with Ex-Tencent Scientist's Startup
- Oct 13, 2026 at 03:55 am
- DeepSeek is leading a seed round for Winverse AI, a robotics startup founded by an ex-Tencent scientist, signaling a major push into real-world AI applications and a competitive move in the robotics space.
-
-
- Tether Freezes $10M in USDT Tied to CryptoBilis Ledger Theft: A Deep Dive into Stablecoin Security
- Oct 13, 2026 at 12:05 am
- Tether has frozen $10 million in USDT connected to the CryptoBilis Ledger wallet theft, highlighting the ongoing debate about centralized stablecoin controls versus decentralized crypto principles.
-
