Gala Games will be suing pNetwork
According to the lawsuit, the negligence of the cross-chain bridge provider resulted in a security breach and subsequent devaluation of the GALA token.
Furthermore, Gala Games' leadership is confident that pNetwork was aware of the management key leak and intentionally delayed their response to maximize profit.
Last autumn, a hacker breached pNetwork's bridge, minted 55 billion tokens, and sold them on the Pancakeswap DEX, causing a drop in GALA's value.
Gala Games is now seeking $27.7 million in compensation through the court system, as well as additional payments for reputation damage and imposed punitive sanctions.
Last autumn, a hacker breached pNetwork's bridge, minted 55 billion tokens, and sold them on the Pancakeswap DEX, causing a drop in GALA's value.
Gala Games is now seeking $27.7 million in compensation through the court system, as well as additional payments for reputation damage and imposed punitive sanctions.
