Analysis Of The Gala Games Hack And Theft Of $22M Worth Of Crypto

06 Jul Evaluation Of The Gala Video games Hack And Theft Of $22M Value Of Crypto

This week in cybersecurity from the editors at Cybercrime Journal

– Hearken to the Cybercrime Journal Podcast Interview

Sausalito, Calif. – Jul. 6, 2024

The Document reported that greater than $22 million value of cryptocurrency was stolen from Gala Video games in Might 2024 after somebody compromised the blockchain gaming platform.

Eric Schiermeyer, the founding father of Gala Video games, defined in his personal social media publish that the hacker was capable of commerce in 600 million GALA cash for five,913 Ethereum — amounting to about $22.2 million.

The hacker was capable of create much more GALA cash — about 4.4 billion — however the individual’s account was frozen by the platform earlier than they might money out the remainder of their stolen loot.

Anoop Nanra, co-founder and CEO at Trugard, just lately got here on the Cybercrime Journal Podcast to break down this cyber incident, and how you can forestall different Web3 assaults prefer it from occurring within the first place.

Hearken to the Interview

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