Gala Games, a big name in blockchain gaming, just took a hit. Hackers exploited a weakness in their system, walking away with $23 million worth of GALA tokens. This isn't the first time this has happened to Gala Games, raising concerns about their internal security.

The blame for the breach falls squarely on Gala Games' shoulders. CEO Eric Schiermeyer admitted their "messed up" internal controls allowed the attacker to mint a whopping 5 billion new GALA tokens before selling 600 million on the Uniswap exchange.

Here's the silver lining: Gala Games acted fast. They froze the compromised wallet, effectively burning the remaining 4.4 billion tokens and stopping the bleeding. Additionally, they're working with law enforcement to track down the culprits.

This incident isn't happening in a vacuum. Crypto exploits are on the rise. Just recently, Sonne Finance and Rain cryptocurrency exchange were hit for millions.

Is Gala Games Down for the Count?

Gala Games assures users they're taking steps to prevent future breaches. They're tightening up internal controls and vowing to create a more secure gaming platform.

Time will tell if they can rebuild trust. In the meantime, the Gala Games saga serves as a cautionary tale for the entire crypto industry: security is paramount.