Gala Games (GALA) Unveils V2 Migration Plan After $200M Token Breach

• Gala Games has called for token holders to migrate to the V2 contract following a $200 million hack that involved the unauthorized minting and sale of 5 billion GALA tokens.
• The urgent migration to V2 is crucial as the V1 GALA contract is set to expire at midnight UTC, potentially leading to further financial losses.
• “This migration is not just a response to the hack but a step towards enhancing the security and efficiency of our platform,” stated a Gala Games spokesperson.

Explore the urgent call by Gala Games for a swift migration to the V2 contract after a significant security breach, aiming to safeguard user assets and restore trust.

Immediate Call to Action for GALA Token Holders

In response to the recent security breach, Gala Games has issued an urgent advisory for all GALA token holders to migrate their assets to the new V2 contract. This move is critical to prevent further losses after the unauthorized minting and sale of 5 billion GALA tokens, which led to a significant drop in token value.

Details of the GALA V2 Migration

The migration process involves transferring tokens from the compromised V1 contract to the more secure V2 contract. Gala Games has outlined detailed steps on their official channels to facilitate a smooth transition for holders, emphasizing the importance of completing the migration before the V1 contract’s expiration.

Conclusion

The swift response by Gala Games to migrate to the V2 contract reflects their commitment to security and trust in the blockchain space. Token holders are urged to follow the migration steps promptly to avoid potential losses and contribute to the stabilization of the GALA ecosystem.