bitcoin
Bitcoin (BTC) $ 66,924.93
ethereum
Ethereum (ETH) $ 3,500.62
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 594.28
xrp
XRP (XRP) $ 0.582729
cardano
Cardano (ADA) $ 0.430298
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.534494
binance-usd
BUSD (BUSD) $ 1.000000
dogecoin
Dogecoin (DOGE) $ 0.131917
okb
OKB (OKB) $ 42.57
polkadot
Polkadot (DOT) $ 6.26
shiba-inu
Shiba Inu (SHIB) $ 0.000018
tron
TRON (TRX) $ 0.134351
uniswap
Uniswap (UNI) $ 7.93
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,943.94
dai
Dai (DAI) $ 0.999603
litecoin
Litecoin (LTC) $ 73.34
staked-ether
Lido Staked Ether (STETH) $ 3,499.13
solana
Solana (SOL) $ 172.65
avalanche-2
Avalanche (AVAX) $ 29.29
chainlink
Chainlink (LINK) $ 14.27
cosmos
Cosmos Hub (ATOM) $ 6.43
the-open-network
Toncoin (TON) $ 7.15
ethereum-classic
Ethereum Classic (ETC) $ 23.68
leo-token
LEO Token (LEO) $ 5.68
filecoin
Filecoin (FIL) $ 4.63
bitcoin-cash
Bitcoin Cash (BCH) $ 392.86
monero
Monero (XMR) $ 164.58
bitcoin
Bitcoin (BTC) $ 66,924.93
ethereum
Ethereum (ETH) $ 3,500.62
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 594.28
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.582729
binance-usd
BUSD (BUSD) $ 1.000000
dogecoin
Dogecoin (DOGE) $ 0.131917
cardano
Cardano (ADA) $ 0.430298
solana
Solana (SOL) $ 172.65
matic-network
Polygon (MATIC) $ 0.534494
polkadot
Polkadot (DOT) $ 6.26
tron
TRON (TRX) $ 0.134351

GALA rockets after incident recovery, token burning proposal

Must Read

Gala Video games’ token, GALA, was a high gainer on Wednesday after funds from a current safety incident have been recovered and proposed to burn for the token’s stability.

The GALA value surge comes after it launched a report in regards to the hack. The report credit the safety staff’s efficient response and the involvement of Federal legislation enforcement companies. It mentioned greater than $20 million in Ethereum (ETH) was returned to the ecosystem.

Particularly, the staff seen a suspicious switch of $200 million woth of GALA tokens, however inside 45 minutes all tokens within the unauthorized pockets have been frozen. The staff stopped extra unauthorized minting and motion of GALA, successfully mitigating the incident.

Round 90% of the minted GALA was locked shortly after this occasion.

Properly carried out $GALA staff!

Recap:
Some jackass stole $22m
They realized this was a REALLY unhealthy plan, and returned $23m
This was used to purchase $GALA and burn it.

Right here is without doubt one of the burns: https://t.co/OCBiEEh4EN

Onwards and upwards. Wanting ahead to bringing extra builders to… https://t.co/SeGE0VeAI2

— Jason Brink aka BitBender (@BitBenderBrink) Might 22, 2024

You may also like: White Home objects to FIT21 Act

To cope with the safety incident, the group has proposed burning 4.4 billion GALA tokens, together with 600 million from the central Gala Treasury, to make sure the soundness of the ecosystem. The 5 billion GALA will likely be completely burned from circulation by sending them to a burn handle.

In response to CoinMarketCap, GALA’s value surged 20.6% to a peak of $0.04969 at 6:25 AM EDT. It at the moment sits at $0.04736, with a market capitalization enhance of 6% to $1.67 billion and a 24% lower in buying and selling quantity over the previous 24 hours.

GALA rockets after incident recovery, token burning proposal - 1

24-hour value of GALA from CoinMarketCap

Learn extra: Telegram ‘mini apps’ skyrocket with web3 video games including thousands and thousands of customers each day

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Other cryptocurrencies will benefit from Ethereum ETFs

There are a number of indications that subsequent week spot ETFs for ether (ETH), Ethereum's cryptocurrency, will hit US...
- Advertisement -

More Articles Like This