pNetwork Configuration Error: $10.80M Reported Loss
An address on the BNB Chain minted more than $1 billion of pGALA tokens out of thin air, and sold them through PancakeSwap to make a profit.
- Reported loss
- $ 10,800,000
- Attack category
- Configuration Error
Incident Overview
The pGALA contract hacker has made a profit of $4.3 million. One Smart Money address arbitraged nearly $6.5 million in this attack, even more than the attacker's profit. Multi-link is tweeted by the protocol pNetwork, and the pGALA contract on the BNB Chain needs to be redeployed due to the misconfiguration of the cross-chain bridge. Huobi Global announced that it would re-list GALA after proposing that the GALA purchased after the abnormal event would be renamed pGALA, and the project party agreed to pay full compensation to the holders of the currency before the accident.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.