Compensation Plan for Damaged Users in the Additional Attack Incident of pGALA
On April 3rd, Huobi released an official announcement announcing that it had negotiated with Gala Games to complete a compensation plan for damaged users in the additional attack i
On April 3rd, Huobi released an official announcement announcing that it had negotiated with Gala Games to complete a compensation plan for damaged users in the additional attack incident of pGALA, with a compensation amount of 50 million US dollars. According to the announcement, this compensation will be borne jointly by Huobi and Gala Games, and Huobi will provide $25 million in cash and equity equivalent to the damaged users as compensation, including: 15 million USD and 10 million equivalent equity compensation; Similarly, Gala Games will provide node compensation equivalent to US $25 million for damaged users, and the above compensation plan will be launched within this week.
Huobi has teamed up with Gala Games to compensate the users who suffered from the additional attack of pGALA
Introduction
On April 3rd, Huobi, a leading blockchain company, announced that it had reached an agreement with Gala Games, a blockchain game platform, to provide compensation to users who were affected by the additional attack incident of pGALA. The compensation plan amounts to $50 million and will be shared equally between Huobi and Gala Games. Huobi plans to provide $25 million in cash and equity compensation to affected users, while Gala Games will provide node compensation equivalent to US $25 million.
Background
On March 20th, pGALA, a token issued on the Ethereum blockchain, was attacked by hackers, resulting in a loss of $3.6 million worth of tokens. Following the attack, Huobi, which had listed pGALA on its exchange, suspended trading and withdrawals of pGALA. Gala Games, the issuer of pGALA, also took measures to investigate the incident and prevent further attacks.
The Compensation Plan
After negotiating with Gala Games, Huobi announced a compensation plan for users who had suffered losses in the pGALA attack. The compensation plan includes a total of $50 million, which will be shared equally between Huobi and Gala Games. Huobi will provide $25 million in cash and equity compensation to affected users, while Gala Games will provide node compensation equivalent to US $25 million.
The compensation plan will be launched within the week, and affected users will be able to apply for compensation according to the details provided by Huobi and Gala Games. Huobi will provide $15 million in cash compensation and $10 million in equity compensation to affected users. The equity compensation will be equivalent to the amount of loss suffered by the users.
Gala Games will provide node compensation to affected users, which will be equivalent to the amount of loss suffered by the users. The exact details of the node compensation plan have not been revealed, but it is expected to be a significant part of the compensation plan.
Conclusion
The compensation plan announced by Huobi and Gala Games is a significant step towards restoring user confidence in the blockchain ecosystem. The plan will provide a fair and transparent compensation to affected users and will help prevent similar incidents in the future. Huobi and Gala Games should be applauded for their efforts to compensate users who suffered losses in the pGALA attack.
FAQs
Q: What is pGALA?
A: pGALA is a token issued on the Ethereum blockchain by Gala Games, a blockchain game platform.
Q: What was the pGALA attack incident?
A: On March 20th, there was an attack on pGALA by hackers, resulting in a loss of $3.6 million worth of tokens.
Q: Who will be eligible for compensation under the plan announced by Huobi and Gala Games?
A: The compensation plan will be available to users who suffered losses in the pGALA attack.
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