Scandal $GALA : +200 pages of legal document summarized in a few minutes by @bubblemaps | 2- Context of the situation
Gala Games is a blockchain gaming platform founded in 2018 by Eric Schiermeyer (CEO) and Wright Thurston, using the token $GALA (ERC-20) for transactions, NFTs, and validation nodes. With a market capitalization reaching over 350 million dollars, Gala was a major player in the Web3 gaming sector. However, a conflict between the co-founders broke out in 2023, revealed by legal complaints filed on August 31, 2023, in the Utah court (case 2:23-cv-00589). These documents, totaling over 200 pages (complaints, counterclaims, affidavits, attachments), expose mutual allegations of theft, mismanagement, and fraud, significantly impacting the price of GALA. In this series of posts, we will revisit the history through the writings, draw lessons, and learn even more from the application of bubble maps (@bubblemaps).
