Schiermeyer said that Gala Games "discovered the exploit" and fixed the "unauthorized access to the GALA smart contract." He emphasized that the Ethereum contract “remains secure” and “has never been compromised.”
Gala Games believes it has identified the culprit and is cooperating with the FBI, the US Department of Justice and “a network of international authorities,” Schiermeyer wrote.
In a post on Platform X, Gala Games
added that “the security incident involving the GALA token has been contained and the affected wallet has been frozen.”
Gala Games and Eric Schiermeyer have not disclosed the identity of the person responsible for the incident or the methods by which this person gained access to the GALA smart contract. The company has not yet responded to requests for comment on the matter.
Recall that in August 2023, Eric Schiermeyer and his co-founder Wright Thurston filed lawsuits against each other on behalf of Gala Games. Thurston accuses Schiermeyer of forcing Gala Games to "sell off and spend millions of dollars of company assets." In turn, Schiermeyer claims that Thurston stole $130 million worth of GALA tokens.