TechFlow news: Huobi Global has released an announcement regarding the handling of the Gala Token anomaly incident, stating that GALA will be temporarily delisted.
Huobi will use the time point when the incident occurred as a dividing line:
1. For users who executed buy orders after this incident, the platform will rename their purchased GALA assets as Pgala. Pgala is unrelated to the original GALA token and is classified as a meme coin. Deposits for Pgala are now closed, with only withdrawals and trading supported.
2. For GALA holders prior to the incident, in order to protect user asset security and rights, the platform will maintain close communication with the project team. Users are asked to wait patiently for further announcements.
According to previous reporting by ChainCatcher, the pGALA contract was attacked, causing GALA to drop over 20% in a short period. Source link
