Over $2 billion in Gala were illicitly minted on Nov. 2022 due a private key leak that Gala Games allege is the fault of pNetwork.
it had recently filed a lawsuit against pNetwork, the cross-chain interoperability bridge used by Gala on the BNB Smart Chain. Last November, Gala Games was exploited after an unauthorized wallet address minted over $2 billion in GALA and dumped the tokens on PancakeSwap, draining $4.5 million from the liquidity pool and causing a substantial plunge in GALA's token price.
"The lawsuit states that pNetwork admitted that it mistakenly leaked a governance key when deploying this pGALA bridge, which such key was later used by an attacker to breach the pGALA contract on the BNB chain, [...]""As the pNetwork team, we would like to express our genuine surprise and concern upon hearing the recent announcement by the GALA Games Project to sue pNetwork.
Gala Games claim the alleged breach led to over $25 million in damages and is seeking $27.7 million from pNetwork for"out-of-pocket costs due to the breach, additional compensation for injuries, punitive damages and other relief." "Loss of ownership over the token smart contract opens up the possibility for the attacker to mint new tokens and to alter pGALA at will."No hack was actually performed by whomever currently retains ownership of that smart contract , but the situation highlighted a high security risk that had to be promptly mitigated.
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