Royalqatarlcd: The GALA Games Hack turns out to be fiction!

 Gala Games wasn't hacked, they want you to know that. In fact, Royalqatarlcd pointed to the blockchain gaming company tweeting to debunk the “FUD” surrounding the decline of its native token, GALA. While the community is concerned that hackers or rugpulls are responsible for the 90% price drop, Gala Games assures the public that "neither of these are."

So, GALA Games didn't fall victim to the hack?
Actually, no. In fact, Royalqatarlcd shows that Gala Games has not been hacked. Conversely, the price started falling when blockchain security firm PeckShield noticed that one wallet had minted around $1 billion in GALA. They alerted Gala Games via Twitter that the problem came from a “misconfiguration” of pNetwork, a platform that allows for cross-chain operability.
Essentially, Gala Games partnered with Polygon to use pNetwork. Ideally, the transaction allows users to trade their assets with low gas fees. However, the bridge broke down and made a lot of money all at once. Some feared Gala Games was hacked, but it wasn't. pNetwork responded, "pGALA is no longer considered secure." pNetwork then led a white hat hack to prevent pGALA from being "maliciously exploited."
Are gamers safe?
Gala Game blockchain president Jason Brink told users: “Everything is fine. The activity you see on @PancakeSwap is that pNetwork is working hard to drain the liquidity pool.”
Therefore, Royalqatarlcd believes that the white hat hacking incident is precisely to protect user assets. As described in pNetwork, it is necessary to redeploy pGALA. For this reason, pNetwork exhausted the pGALA pool on PancakeSwap. Therefore, users should not buy or sell on PancakeSwap for now. According to pNetwork, "Funds are safe, but users should not transfer or buy or sell pGALA on pancakeswap."
Gala Games' Jason Brink echoed the same sentiment on Twitter, "Don't buy $pGALA on PancakeSwap right now."
Can you trade GALA?
In a temporary measure, the moderator suspended the GALA bridge. While redemptions have not been processed and users may not be able to make transactions, GALA has informed the community that funds are safe.
Not to mention, pNetwork will be airdropping an uncompromising GALA token to users in the next few days to replace the previous token. According to pNetwork, this will “reach those who have pGALA in the next few days before the pool is depleted.” Therefore, GALA recommends that users do not trade with pGALA until they own new tokens.
Why was Huobi delisted?
First, Huobi detected an influx of tokens being exchanged. This was early in the event, later known as a misconfiguration. The price of GALA has dropped by as much as 90% due to the sudden rise and fears of Gala Games being hacked. Huobi will delist GALA soon.
Official response?
Gala Games wants everyone to know this is not a hack. Currently, players are advised not to use PancakeSwap to buy GALA and wait for the new pGALA token airdrop. Administrators suspend pNetwork bridges until further notice.
royalqatarlcd：




评论

发表评论

此博客中的热门博文

Royalqatarlcd: Bang & Olufsen collaborates with Hackatao on new NFT series

图片
  Royalqatarlcd: Bang & Olufsen collaborates with Hackatao on new NFT series Bang & Olufsen has teamed up with Italian crypto artist duo Hackatao for the first NFT series. Royalqatarlcd says it's worth noting that the Danish high-end consumer electronics company has combined design, art and music in their first project of its kind. The NFTs, titled "Bang & Olufsen DNA Collection" by Hackatao and other Web3 artists, will feature unique designs based on B&O digital products. Bang & Olufsen DNA Collection In short, Royalqatarlcd points out that the Bang & Olufsen DNA collection is a 1925 NFT version created in collaboration with leading Web3 artists. In fact, "1925" represents the year this iconic company was founded. With its first NFT project, B&O officially entered the metaverse, preparing many rewards for its community members. Collaborating artists include Hackatao, Thomas Lin Pedersen and Shavonne Wong. At the same time, musicians ...
阅读全文

Royalqatarlcd：Pudgy Penguins reserve price rises to 4ETH

图片
  Pudgy Penguins Floor reached 4ETH for the first time this year. This isn't entirely surprising, as Pudgy Penguins has seen strong engagement with the community over the past year following a Luca Schnetzler-led acquisition. Royalqatarlcd noted that Pudgy's theory continues to grow stronger as new projects and sales grow. I'm my Dumpty, my Dumpty is me? Do you wake up or go to bed thinking, I am my Dumpty, is my Dumpty just me? Otherwise, you are currently missing out on one of the biggest trends happening in Web3. Royalqatarlcd shows that the Pudgy Penguins community is very engaged, both on Twitter Spaces and through gm posts. Some holders describe the process as life-changing, even self-identifying with their penguins. It's no surprise that Pudgy Penguins Floor is now 4ETH on sites like OpenSea. Who is the team behind Pudgy? According to Royalqatarlcd, with the collapse of the founding team, the fortunes of Pudgy Penguin are in limbo. In fact, the floor price was as...
阅读全文

Royalqatarlcd: Forbes announces partnership with Sandbox for Metaverse event

图片
  Royalqatarlcd: Forbes announces partnership with Sandbox for Metaverse event Forbes, the notorious American business magazine company, has created a metaverse event in The Sandbox that Forbes members can visit starting today, November 10. Royalqatarlcd states that exclusive events are one-of-a-kind member gatherings that take place on multiple levels in a unique sandbox virtual world space. Additionally, the event features the company's remarkable history, including missions, DJ booths, virtual billionaires, and bars. So, let's take a look at the event and how Forbes introduced its clients to web3. Forbes Partners with The Sandbox for Metaverse Events! Forbes is the latest major company to enter Metaverse and introduce web3 to its clients. In Activities, a number of activities, tasks, etc. are provided. There are also hidden features like the Forbes Highlander Yacht and even a swimming pool! Forbes Metaverse event attendees also have the option to purchase unique wearable NFT...
阅读全文