TechFlow News, November 4 — An address on BNB Chain minted over $1 billion worth of pGALA tokens out of thin air and profited by selling them on PancakeSwap, causing a temporary drop of more than 20% in GALA's price. pNetwork stated on Twitter that due to a misconfiguration in the cross-chain bridge, the pGALA contract on BNB Chain needs to be redeployed. They are currently working with the Gala Games team and PancakeSwap to retrieve users' pGALA account balances and restore deposit and withdrawal functions. The GALA cross-chain bridge has been suspended. Hackers are attempting to drain liquidity from PancakeSwap—users are advised not to trade pGALA on any DEXs on BNB Chain. pNetwork said that after the new contract is deployed, new pGALA tokens will be airdropped to affected users at a 1:1 ratio, and a vulnerability report along with updates will be released within hours. Assets on Ethereum, including GALA tokens and other assets on the bridge, remain secure. Original link
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
