Huobi exchange will help Gala games to rescue affected Gala holders of the pGala Scheme
Huobi Global teamed up with the Gala Games crypto team to compensate for the loss that some Gala holders faced around 5 months ago.
Gala Games is an Ethereum network-powered blockchain game project. Gala token is a native token under this crypto project. Around 5 months ago, a bad actor minted $1 billion worth of Gala tokens on the pNetwork on the BNB chain pool. At that time hackers sold around $4.5 million from the Liquidity Pool. That BNB chain was developed by the pNetwork crypto team.
On 20 March 2023, Gala Games sued pNetwork over negligence & tortious interference and asked for $27.7 million as a compensation fine.
On 3 April 2023, the Huobi crypto exchange announced that a lawsuit has been initiated against pNetwork and now Gala Games will offer its affected users $25 million worth of node licences. In the next week, Huobi & Gala will use the fund to rescue all those affected users.
So now here we can say that Gala Games & Huobi exchange will release around $50 million to GALA token holders who lost money in a scheme involving the utility token fall.
Huobi partners Gala Games
On 4 April, Huobi exchange announced its technical level of partnership to bring a better experience for the gamers in Huobi’s Web3 gaming ecosystem with Gala games.
Gala token
The current trade price of the Gala token is $0.0398 & this trade price is 4.85% high over the last 7 days of trade price.
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