Gala Games experienced highs and lows recently. A partnership with
Animoca Brands aimed to bolster the GALA token, but a hacking incident saw $22 million stolen from the Gala Games blockchain platform. The company managed to contain the security breach after intensively immediately fixing the issue, leading to some stabilization of the token. The development sparked speculation regarding GALA's future price, with many predicting an increase. Projected estimations for 2024, 2025, and 2030 are optimistic, with a possibility of a major boost due to the Animoca Brands partnership. Despite the turmoil,
GALA continues to show market fortitude alongside the likes of Koala Coin (KLC) and Solana (SOL). Interestingly, the exploiter returned $22M from the GALA token breach, and a
'Buy and Burn' approach is proposed to mitigate the impact further. Evidently, the solution in managing the crisis, buying back stolen crypto, and burning tokens, has seen the price stabilize and even surge in value. Gala Games has committed to tightening its internal controls to prevent future exploit and the CEO openly acknowledged shortcomings. Tokens like AVAX and KANG can lead the next altcoin rally following Gala's recovery.
GALA Coin News Analytics from Mon, 18 Sep 2023 07:00:00 GMT to Wed, 03 Jul 2024 23:06:17 GMT -
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- Innovation 4
- Information 8
- Rumor -3
