Crypto play-to-earn platform gala games‘ native token GALA GALA/USD Plunged 20% late Thursday as investor fears of a possible hack, or worse — a carpet pulling — mounted.

What happened: Over a billion dollars worth of GALA was minted by a single one Blockchain Address out of nowhere. However, the address was from a company closely associated with Gala Games, which had actually hacked itself to prevent bad actors from stealing users’ funds.

PeckShielda crypto watchdog, found that out pNetworkwhich provides routing infrastructure for decentralized finance (DeFi) and gaming tokens, including GALA, appeared to be behind the token release.

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According to pNetwork, the white hat attack was organized to prevent GALA from being maliciously exploited. “All GALA tokens on ether ETH/USD and the underlying bridge securities are SECURE,” pNetwork said, explaining that some kind of “misconfiguration of the pNetwork bridge” was at the root of the problem.

A new “pGALA token will be created to replace the old compromised token and will be airdropped in the coming days to those who had pGALA before the pool was emptied,” pNetwork added.

price action: Gala was trading at $0.034998 at the time of writing and has recovered to $0.40, according to data CoinMarketCap.

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