TechFlow news, Huobi Global has released a "Notice on the Handling of the GALA Token Incident (4)", stating that after communication with the Gala project team, the team has agreed to fully compensate all Gala token holders prior to the incident. The platform will relist Gala and continue close coordination with the project team. For further updates, please await the latest official announcements. Following this announcement, Huobi Global will list both GALA and pGALA as two separate assets, with the timeline split at the time of the incident. Users are advised to be mindful of trading risks.
Previously, the multi-chain routing protocol pNetwork suffered a cross-chain bridge configuration error that led to over $1 billion worth of pGALA tokens being minted out of thin air on BNB Chain, which were then sold for profit on PancakeSwap.Source link
