Hey Everyone...
I always knew there was a reason I never talk shit about other projects getting hacked...I'm sorry to say we had an incident that resulted in the unauthorized SALE of 600million (21million usd) $GALA tokens and the effective BURN of 4.4 billion tokens.
We identified the compromise and within 45 minutes we secured and removed unauthorized access to the $GALA contract.
It's important to note our ETH contract for $GALA is secure and under the protection of a multi-sig wallet. It was never compromised.
We messed up our internal controls...This shouldn't have happened and we are taking steps to ensure it doesn't ever again.
We believe we have identified the culprit and we are currently working with the FBI, DOJ and a network of international authorities.
There is the issue of our daily distribution...we will be having a node vote on how to handle this issue. As usual the community will decide how we proceed.
Can’t stop…won’t stop! Moving on to bigger and better things.
#GALA
@zachxbt So for 39 min nobody from cointelegraph bothered to do research to validate statement before posting?
Also zach I contacted you regarding a rug that happened if you by any chance read this message. I sent you dm while ago.
Thank you for your hardwork