$GALA Games has been making headlines recently due to its security and development updates. Here are some key points:
- *Security Incident Recovery*: Gala Games recovered funds from a $200 million security incident and proposed burning the tokens for stability, which led to a price surge. The hack occurred on May 20, 2024, where an unknown individual withdrew 5 billion GALA tokens.
- *Smart Contract Upgrade*: In June 2023, Gala Games completed a significant smart contract upgrade, transitioning to a new $GALA token. This upgrade aimed to enhance security and transparency, with multiple audits conducted by CertiK and Anchain.
- *Gaming Innovations*: Gala Games continues to innovate in the gaming space, launching titles like "Mirandus," a fantasy RPG that enables players to own scarce in-game items as NFTs.
- *Token Performance*: GALA's price has been volatile, with recent Fibonacci confluence and point of control defining make-or-break support levels. The token's price is currently $0.0167665, with a 24-hour volume of $97,806,597.
- *Lawsuit Against pNetwork*: Gala Games has filed a lawsuit against pNetwork, demanding $28 million in compensation for a million-dollar scam that occurred in November 2022 ¹
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