New exploits, will the BSC chain be Halted again to save funds?

DISCUSSION

Ongoing updates from the exploits,

  • pGALA on BSC Notice: A misconfiguration of the p.Network bridge necessitated the redeployment of pGALA. We’re working directly with the Gala team and with exchanges to provide the necessary pGALA balances to restore functionality of pGALA deposits & withdrawals.

  • 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.

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

Follow the timeline of the exploits through the link below

[GALA Exploits](https://twitter.com/pnetworkdefi/status/1588266897061031936?s=46&t=Gni- GF5RAw_ggHL5Z830UQ)

Is it good development/measures if the chain is paused, halted to save funds or is it against the whole concept of decentralization?

Posted Nov 3, 2022, 11:31 PM UTC

1140
Loading comments…