8.6 billion stolen GALA and a lawsuit

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Joined: 6 Feb 2005
Age: 44
Gender: Male
Posts: 23,995
Location: 28th Path of Tzaddi

26 Sep 2023, 10:14 pm

I'd heard GALA games was going through a lawsuit between a couple of it's founders but wow.... it's not a Roger Waters and David Gilmour fight, the defendant stole something close to 1/3rd of the token's circulating supply (8,645,014,077 vs 26,484,217,750 of 50,000,000,000 - they're a $350 million market cap so that's like stealing over $100 million). The court has ordered that all of the stolen assets not yet sold to exchanges to be frozen and the defendants or anyone associated with them not be allowed to move the assets. It'll be really interesting to see how this plays out because it'll set precedent for any more shenanigans in the future.

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