GameFi Project ‘Gala’ Sues pNetwork for $28 Million in Damages

On March 20, Gala Games project GameFi announceIt recently filed a lawsuit against pNetwork, the cross-chain interoperability bridge that Gala uses on its BNB Smart Chain. Earlier in November 2022, Gala Games was compromised after an unauthorized wallet address mint 2 billion GALA (GALA). ) and dumped the tokens on PancakeSwap and took $4.5 million from the liquidity pool and caused a massive drop in the price of GALA tokens.

The lawsuit alleges that The incident was the result of pNetwork’s negligence. On November 7, 2022, blockchain analytics platform SlowMist alleged that the incident may have resulted in a leak of the plain text private key of one of the three smart contracts in its network. pNetwork on Gala. The leaked private key, as SlowMist noted, is publicly viewable on GitHub.

A pNetwork representative said: “As the pNetwork team, we were genuinely concerned when we heard the recent announcement by the GALA Games project suing pNetwork. By specifying the details of all events “

agent said The report contains all conversations and related documents. and accused the Gala Games team of deleting messages in “Their role in planning, support and communication” and PNetwork also emphasized: “We act in a transparent manner and cooperate fully with the relevant authorities in this regard. And we strongly believe that the truth will be revealed.”

Gala Games alleges that the alleged breach led to over $25 million in damages and is seeking $27.7 million from pNetwork for “costs due due to the breach. including additional compensation for damages and other relief.”

refer : LINK

The post GameFi project “Gala” sues pNetwork for $28 million in damages appeared first on Bitcoin Addict.

source site