The wallet linked to the Gala Games exploit has reportedly returned a portion of the funds. On-chain data shows that the digital wallet transferred 5,913.2 ETH, equivalent to $22.5 million, which is similar to the amount of GALA tokens sold immediately after the exploit on Monday. The situation is evolving, and Gala Games has been contacted by The Block for confirmation.

Following a drop to $0.040 yesterday, the GALA token is currently trading at $0.043 as of 11:48 a.m. ET (15:48 UTC), reflecting a 1.94% decline in the past day, as indicated by The Block's price page.

Regarding the Gala Games exploit, an unknown entity minted 5 billion GALA tokens, valued over $200 million, leading to a 15% drop in GALA's price. Gala Games co-founder Eric Schiermeyer acknowledged that the exploiter sold 600 million GALA tokens, worth around $21 million, and burned the remaining 4.4 billion coins. He mentioned that Gala Games swiftly secured and removed unauthorized access to the GALA contract within 45 minutes of the exploit, ensuring the safety of ETH for GALA held in a multi-signature wallet.

Schiermeyer admitted to internal control lapses and stated efforts to prevent such incidents in the future. Gala Games is collaborating with law enforcement agencies, including the FBI and DOJ, to address the breach and identify the responsible parties.

Regarding the daily distribution issue, Schiermeyer mentioned plans for a node vote to decide the course of action, emphasizing community involvement in decision-making. Gala Games also assured on social media that the affected wallet has been frozen and that the incident was isolated and addressed, with ongoing cooperation with law enforcement for investigation.