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GameFi Project Gala Files $28M Lawsuit Against pNetwork

On Mar. 20, GameFi project Gala Games announced it had recently filed a lawsuit against pNetwork, the cross-chain interoperability bridge used by Gala on the BNB Smart Chain. Last November, Gala Games was exploited after an unauthorized wallet address minted over $2 billion in GALA and dumped the tokens on PancakeSwap, draining $4.5 million from the liquidity pool and causing a substantial plunge in GALA's token price. 

The lawsuit alleges that the incident was the result of "negligence and tortious interference" from pNetwork. On Nov. 7, 2022, blockchain analytics platform SlowMist alleged that the incident may have stemmed from a plain text private key leak in one of three pNetwork affiliated smart contracts on Gala. The leaked private key, as told by SlowMist, was publicly viewable on GitHub.

Gala Games claim the alleged breach led to over $25 million in damages and is seeking $27.7 million from pNetwork for "out-of-pocket costs due to the breach, additional compensation for injuries, punitive damages and other relief."

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