galaswap

ChainCatcher news, Gala Games announced on platform X that the stolen funds from the recent security incident have been recovered. The team will use GalaSwap to convert ETH back to GALA.Previous news, the co-founder of the Web3 gaming platform Gala Games stated on X: "The platform was hacked, resulting in the unauthorized sale of 600 million GALA tokens (21 million USD) and the destruction of 4.4 billion dollars worth of tokens. We identified the vulnerability and removed unauthorized access to the GALA contract within 45 minutes. Our GALA Ethereum contract is secure and protected by a multi-signature wallet. We messed up internal controls, and the team is taking steps to ensure it doesn't happen again. We believe we have identified the attacker, and we are currently working with the FBI, the U.S. Department of Justice, and some international agencies."

ChainCatcher news, Gala Games officially stated that GalaSwap has surpassed a total trading volume of 100 million dollars since its launch.

According to ChainCatcher news, the Web3 entertainment company Gala has officially launched GalaSwap on the first GalaChain. It is reported that the platform can process 2 million transactions per second, supported by a network of over 43,000 secure nodes, ensuring fast transaction processing and enhancing the speed of asset trading.In addition, GalaSwap will incentivize community growth through trading rewards in GalaSwap tokens and a referral program, rewarding users for bringing in new participants. The platform offers token trading capabilities for various Ethereum-based assets and will unlock NFT trading in the upcoming Version 2 update, initially focusing on Gala-specific products, with plans to support broader compatibility in the future.Currently, influenced by the positive news, Gala has surpassed $0.4, with a 24-hour increase of over 22%.