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International Business Times
International Business Times
Business
Marvie Basilan

Gala Games Recovers $22M Ether From $200M Exploit, DWF Labs To The Rescue

Gala Ethereum Crypto
Gala Games has recovered Ethereum it lost to an exploiter that minted billions of $GALA tokens without proper authorization. (Credit: Gala Games Website/Screenshot)

KEY POINTS

  • The recovered funds will be converted to $GALA, the team said
  • DWF Labs purchased millions of $GALA to help stabilize the token's price
  • Gala's CEO previously acknowledged that the team "messed up" internal controls

Web3 gaming studio Gala Games has recovered the Ether (ETH) it lost to an exploit Monday that resulted in losses of $200 million, on-chain data revealed.

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