Huobi alleges pNetwork made over $4M from its Gala ‘white hat attack’

Huobi has alleged that the GALA incident was not a white hat operation as pNetwork claimed, but an attack that gave the protocol a $4.5 million profit. According to the exchange, there were other “premeditated operations” during the incident, which resulted in over $10 million in profit for the parties involved. Huobi continued that the…

Arbitrage traders make over $6.5M from Gala Games scare

The Gala Games community suffered a scare late Nov. 3 after a wallet printed over $1 billion worth of GALA tokens, which tanked the asset’s value by nearly 30%. While blockchain security company PeckShield raised concerns about a possible hack, the team at pNetwork quickly responded that it was responsible for the white hat attack…