ChainCatcher news, the Web3 game project Gala Games announced a partnership with LF Decentralized Trust to release a new GalaChain decentralized white paper. Key contents include transitioning from the Raft consensus mechanism to a more decentralized Byzantine Fault Tolerance (BFT) algorithm, reducing single points of failure, integrating Gala Founder Nodes, and GalaChain Improvement Proposals (GIP), among others.

ChainCatcher message, according to on-chain analyst @ai_9684xtpa's monitoring, Gala Games transferred 65 million GALA to Wintermute 10 hours ago, worth 1.41 million USD, possibly for delegated selling; over the past nine months, the project team has transferred a total of 3.14 billion GALA, with a total value of up to 85.51 million USD, of which nearly 3.01 million USD was transferred in the past week.

ChainCatcher news, the Web3 game project Gala Games has formed a partnership with Animoca Brands, which will receive GALA tokens from the Gala Games treasury to provide liquidity provisioning services for Gala Games.Animoca Brands is currently the operator of 9 Gala Founder's Nodes and plans to act as a GalaChain validator in the future.

ChainCatcher news, Gala Games posted on platform X that it has destroyed 4.4 billion GALA from the attacker's wallet. It added that this was to remove the erroneously minted GALA, and the team also recovered all ETH, which will be used for GalaSwap to buy back and destroy nearly another 1 billion GALA.Earlier news, Gala Games posted on platform X that it has destroyed nearly 1 billion GALA.

ChainCatcher news, the blockchain game Gala Games announced on social media that it has burned approximately 1 billion GALA tokens.ChainCatcher previously reported that Gala Games stated on the X platform that the stolen funds from a recent security incident have been recovered. The team will use GalaSwap to convert ETH back to GALA.

ChainCatcher news, Gala Games announced on platform X that the stolen funds from the recent security incident have been recovered. The team will use GalaSwap to convert ETH back to GALA.Previous news, the co-founder of the Web3 gaming platform Gala Games stated on X: "The platform was hacked, resulting in the unauthorized sale of 600 million GALA tokens (21 million USD) and the destruction of 4.4 billion dollars worth of tokens. We identified the vulnerability and removed unauthorized access to the GALA contract within 45 minutes. Our GALA Ethereum contract is secure and protected by a multi-signature wallet. We messed up internal controls, and the team is taking steps to ensure it doesn't happen again. We believe we have identified the attacker, and we are currently working with the FBI, the U.S. Department of Justice, and some international agencies."

ChainCatcher news, Gala Games stated on X that the security incident involving the GALA token has been contained, and the affected wallets have been frozen. This is an isolated incident, and the cause has been addressed. The team is working closely with law enforcement to investigate the perpetrators. As the investigation continues, the official will provide updates and take all necessary measures to prevent similar incidents in the future.Previous news, according to The Block, the Web3 gaming platform Gala Games was reportedly hacked, with hackers minting tokens worth $200 million.

ChainCatcher news, the co-founder of the Web3 game platform Gala Games posted on X: "The platform was hacked, resulting in the unauthorized sale of 600 million GALA tokens (worth $21 million) and the destruction of $4.4 billion in tokens. We identified the vulnerability and removed unauthorized access to the GALA contract within 45 minutes. Our GALA Ethereum contract is secure and protected by a multi-signature wallet. We messed up internal controls, and the team is taking steps to ensure it doesn't happen again. We believe we have identified the attacker, and we are currently working with the FBI, the U.S. Department of Justice, and some international agencies."Previous news, according to The Block, the Web3 game platform Gala Games was reportedly hacked, with hackers minting tokens worth $200 million.

ChainCatcher news, according to The Block, the Web3 gaming platform Gala Games is suspected of being hacked, with hackers minting tokens worth 200 million dollars.

ChainCatcher news, Gala Games blockchain president Jason Brink tweeted that currently, 6 companies have signed contracts to develop on the Gala Chain. They will utilize the entire GALA ecosystem, particularly the node infrastructure, to redefine their businesses, increase revenue, and reduce costs. The officials are currently providing them with channel access to support their builds, and there are plans to burn some GALA in the future to ensure channel security, after which they can immediately start building.In the next week or so, people will also be able to burn GALA to retain their domain names within the ecosystem. These domain names are currently only available in the GalaChain ecosystem, which will make transactions with other users much easier. Additionally, an updated blueprint for the entire GALA ecosystem and an updated MUSIC white paper are expected to be released this week.

ChainCatcher news, DWF Labs announced a strategic partnership with Gala Games, aiming to leverage Gala's extensive network of quality partners and experienced builders to accelerate the adoption of L1.

ChainCatcher news, the blockchain gaming platform Gala Games stated that the lawsuit issues among Gala's co-founders may raise concerns within the community, but Gala Games emphasized that these lawsuits are primarily disputes between the founders and have no substantial connection to the company's operations.Previous news, Gala Games' co-founder and CEO Eric Schiermeyer filed a derivative shareholder lawsuit against another co-founder Wright Thurston and True North United Investments, LLC. Subsequently, Wright Thurston also filed a lawsuit against Eric Schiermeyer, accusing him of stealing $130 million worth of tokens. A derivative shareholder lawsuit is a legal action brought by shareholders on behalf of the company to address alleged misconduct committed against the company.

ChainCatcher news, according to the official Twitter, Gala Games announced that it will fully migrate the Gala platform to Gala Chain by the end of the year, and simplify the usage threshold and development tools to provide comprehensive self-service for external teams by the end of the year.

ChainCatcher news, according to a disclosure by Magic Book co-founder Jake Browatzke on social media, two co-founders of Gala Games, current CEO Eric Schiermeyer and co-founder Wright Thurston, have filed lawsuits against each other, as the company faces internal conflicts.According to the disclosed lawsuit documents, Eric Schiermeyer accuses Wright Thurston and his investment vehicle True North of allegedly transferring stolen tokens and manipulating the licensing company that operates "nodes" within the Gala ecosystem to earn GALA tokens. Meanwhile, Wright Thurston accuses Eric Schiermeyer of selling and wasting millions of dollars in company assets for personal gain without the knowledge or approval of the board or shareholders, and engaging in systematic, purposeful, and deceptive actions that harm Gala Games and its shareholders' interests.

ChainCatcher news, the blockchain gaming platform Gala Games has announced a partnership with the Web3 bug bounty platform Immunefi to launch a bug bounty program with a total prize pool of $1 million. This program aims to eliminate its vulnerabilities and enhance security. (Source link)

ChainCatcher News, the blockchain gaming platform Gala Games announced that it will launch GALA(v2) on May 15, bringing many improvements, including an enhanced burning mechanism, increased security, and future upgradability.To celebrate the launch of GALA(v2), Gala Games has arranged for all users holding GALA(v1) on Ethereum to automatically receive the new GALA(v2) tokens via a direct 1:1 airdrop. GALA(v1) will no longer be supported thereafter. (Source link)

ChainCatcher news, according to official news from OKX Web3, the OKX Web3 wallet has reached a partnership with the Web3 gaming aggregation platform GALA Games, allowing users to connect their OKX Web3 wallet to log in to the GALA Games platform. In addition, the OKX Web3 wallet has included GALA Games in the Discover section, enabling users to directly access GALA Games to experience multiple Web3 games.It is understood that the OKX Web3 wallet is a heterogeneous multi-chain wallet, supporting over 50 public chains including Arbitrum, Fantom, Avalanche, and Optimism. It also features built-in wallet, DEX, NFT marketplace, earning coins, and DAPP exploration in five major sections, meeting users' one-stop Web3 needs. (Source link)