pGALA post-mortem: measures taken to safeguard the ecosystem from malicious actors and recovery plan
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1/2 In order to maximise the fairness of the redistribution of the 12,977 BNBs and for legal and compliance reasons, we regret we are unable to proceed with the recovery plan today. Unfortunately, our desire to proceed as quickly as possible with our recovery plan meant that...
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2/2 ...we underestimated the time necessary to deal with these legal & compliance issues. We are committed to keeping the community posted as the situation develops. We also remain committed to doing the right thing & keeping the process & communication as transparent as possible
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1/2 In order to maximise the fairness of the redistribution of the 12,977 BNBs and for legal and compliance reasons, we regret we are unable to proceed with the recovery plan today. Unfortunately, our desire to proceed as quickly as possible with our recovery plan meant that...
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18/n If your address resulted as excluded from the distribution of November 9th even though you were eligible, please check again. The list of addresses eligible was being capped, resulting in a few addresses showing as not eligible even if they were.
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17/n
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All pGALA token holders that owned a pGALA token during both of the following snapshots:
S1 Block #22745013
S2 Block #22844900
are eligible to exchange the pGALA that they held at S1 and continued to hold at S2 with a new fully collateralized pGALA token.
pgala-recovery-plan.p.network
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All pGALA token holders that owned a pGALA token during both of the following snapshots:
S1 Block #22745013
S2 Block #22844900
are eligible to exchange the pGALA that they held at S1 and continued to hold at S2 with a new fully collateralized pGALA token.
pgala-recovery-plan.p.network
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16/n The last snapshot (S2) has been taken. All future txs will be ignored for the purpose of the recovery plan. Important reminder: the pGALA contract 0x7dDEE176F665cD201F93eEDE625770E2fD911990 is not anymore under pNetwork’s control & that it is irreversibly compromised/unsafe
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16/n The last snapshot (S2) has been taken. All future txs will be ignored for the purpose of the recovery plan. Important reminder: the pGALA contract 0x7dDEE176F665cD201F93eEDE625770E2fD911990 is not anymore under pNetwork’s control & that it is irreversibly compromised/unsafe
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Why are you helping to spread straight out lies? The 4.5M usd in BNB is exactly what the recovery plan will return users. They were recovered to prevent an attacker from stealing them as pGALA was (and is) compromised. This is all described in details here
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2/2 … Huobi was notified Thursday at 7:24pm UTC and acknowledged the emergency 2 minutes later but blocked deposits several hours later. pNetwork has not made any profit out of this operation aimed to minimize the damage caused by the compromised pGALA contract.
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1/2 We strongly condemn as untruthful Huobi’s accusations against pNetwork and we will seek legal action accordingly.
We have documented proof showing that pNetwork has acted in good faith, that all actions were agreed upon in advance with GalaGames and that…
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15/n the postmortem is out!
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pGALA post-mortem: measures taken to safeguard the ecosystem from malicious actors and recovery plan
medium.com/pnetwork/pgala
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14/n The post-mortem & recovery plan is currently being reviewed by major pGALA stakeholders. Them being in different timezones makes this task very challenging and time consuming so please be patient as we work on it; we are now targeting tomorrow for publishing it
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13/n To anyone affected, we are really sorry about what happened and to keep you waiting. We will publish a post-mortem including the next steps of the recovery plan shortly. That document is currently being reviewed by other major stakeholders of the pGALA ecosystem.
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13/n To anyone affected, we are really sorry about what happened and to keep you waiting. We will publish a post-mortem including the next steps of the recovery plan shortly. That document is currently being reviewed by other major stakeholders of the pGALA ecosystem.
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12/n For those who bought pGALA afterwards, they will receive the BNB they had spent back assuming these could be recovered. Once again, do NOT buy pGALA on Pancakeswap or on any other BSC DEX
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11/n A new pGALA token will be created to replace the old compromised one and airdropped in the coming days to those who had pGALA before the pool was drained. This new token has NOT been issued yet so don’t get scammed - we will share official updates in this thread
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12/n For those who bought pGALA afterwards, they will receive the BNB they had spent back assuming these could be recovered. Once again, do NOT buy pGALA on Pancakeswap or on any other BSC DEX
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11/n A new pGALA token will be created to replace the old compromised one and airdropped in the coming days to those who had pGALA before the pool was drained. This new token has NOT been issued yet so don’t get scammed - we will share official updates in this thread
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10/n We will share a post mortem and an update on the recovery process for pGALA in a few hours. In the meantime the recommendation is not to trade/transfer pGALA on BSC.
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9/n Newly bought pGALA on pancakeswap are not redeemable for pGALA at 1:1 so they don’t track the real GALA tokens value. GALA on Ethereum and on major exchanges is unaffected
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8/n Whoever is buying on Pancakeswap now risks to lose everything as their newly bought pGALA are unredeemable (hence worthless) and the BNB they have spent may get hacked: once again, STOP buying on Pancakeswap as you are not really buying real GALA and you risk losing funds
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8/n Whoever is buying on Pancakeswap now risks to lose everything as their newly bought pGALA are unredeemable (hence worthless) and the BNB they have spent may get hacked: once again, STOP buying on Pancakeswap as you are not really buying real GALA and you risk losing funds
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7/n We are trying to drain the pGALA pancakeswap pool so please STOP buying as it will just slow down the recovery process for everyone
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7/n We are trying to drain the pGALA pancakeswap pool so please STOP buying as it will just slow down the recovery process for everyone
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6/n The GALA bridge is temporarily suspended. All funds are safe, but please do not send funds to the bridge as pegins and pegouts (redeems) are currently not being processed.
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5/n All GALA tokens on Ethereum as well as the underlying bridge collateral are SAFE.
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4/n We regret any inconvenience this may have caused to the community and we will endeavor to avoid these issues in the future.
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3/n For the time being, please consider the existing pancakeswap.finance pool to be invalid. Please do not initiate swaps to and from this pool.
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2/n We also took a snapshot of the pGALA pool on pancakeswap.finance and will be sending both the new pGALA and BNB to the addresses in proportion to their position in the pool.
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1/n pGALA on BSC Notice: A misconfiguration of the p.Network bridge necessitated the redeployment of pGALA. We’re working directly w/the Gala team and w/ exchanges to provide the necessary pGALA balances to restore functionality of pGALA deposits & withdrawals.
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Move $BTC and $PNT across multiple host blockchains without going back to the origin chain
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