$2.9 million in assets abnormally flowed out, GalaChain paused the cross-chain bridge, and 82% of the affected funds came from wallets linked to the CEO

Odaily报导——GalaChain experienced an abnormal asset outflow incident on Tuesday, with 1.99 billion GALA tokens (approximately $2.9 million) and other tokens transferred from five primary addresses to a new wallet, and GALA was cross-chain swapped into ETH within about an hour. Approximately 82% of the affected funds (1.639 billion GALA) came from a wallet linked to Gala CEO and co-founder Eric Schiermeyer, which also saw outflows of approximately $500,000 in other tokens. Hours after the incident, Gala developers submitted a fix, identifying it as a vulnerability caused by unsigned field injection in GalaChain's EIP-712 implementation, and the cross-chain bridge was subsequently paused.