TechFlow News — According to an official announcement from Huobi HTX, this week the exchange has completed its full compensation package worth millions of dollars for users affected by the pGALA inflation attack. The compensation, including direct payouts, platform benefits, and Gala nodes, has been fully delivered. Additionally, Huobi HTX has burned the ROCK (formerly PGALA) tokens on the TRON network and re-minted them on the GALA chain. ROCK has now become an integral part of the GALA ecosystem.
The two token burn transactions are as follows:
https://tronscan.org/#/transaction/0dfea91f825a256f1abd02bf239e46b7c19a2713ce0a7ecc75c75e6d407943d8
https://tronscan.org/#/transaction/43f43358a0d97b3b2514de55e239f2100f57c475180217927b66dcc03dec182d
The pGALA incident originated when pNetwork colluded with hackers to exploit a cross-chain bridge vulnerability on the BSC chain, inflating the supply of pGALA equivalent to one billion USD. The attackers dumped these tokens from liquidity pools and cashed out, profiting over tens of millions of dollars. Due to the sharp decline in the token’s price and pNetwork’s intentional concealment of the breach for malicious gain, Gala Games and third parties including Huobi HTX suffered significant losses.
In April 2023, Huobi HTX announced the completion of negotiations with Gala Games on a compensation plan for users affected by the pGALA inflation attack, totaling millions of dollars. Huobi HTX provided affected users with compensation in USDT equivalent to millions of dollars, along with additional platform benefits. Meanwhile, Gala Games committed to providing node compensation valued at $25 million for affected users. This entire compensation program was finalized this week.
