$103,207.00
-1.11%$2,586.53
-0.97%$2.55
-0.33%$651.74
-1.68%$175.54
-1.63%$0.999909
-0.01%$0.231661
-2.60%$0.799144
-2.69%$0.276151
2.06%$2,582.21
-1.03%$102,882.00
-1.29%$3.92
-2.63%$16.90
-1.61%$3,090.38
-1.23%$25.21
-0.25%$0.304833
-2.58%$0.00001577
-2.03%$0.206285
-3.68%$24.96
-3.93%$3.26
-3.44%$8.79
1.59%$403.28
-1.23%$5.00
-2.54%$1.05
-11.72%$99.83
-2.06%$2,585.30
-1.08%$0.999851
-0.01%$346.99
2.36%$2,757.88
-1.08%$0.00001382
-5.64%$4.74
-1.23%$0.996131
-0.51%$1.001
-0.04%$103,218.00
-1.15%$30.35
0.34%$450.66
-1.99%$6.60
-6.19%$3.06
-3.82%$5.80
-4.99%$227.66
0.06%$1.029
-0.71%$53.92
-0.40%$0.120189
-3.51%$211.56
-1.32%$5.66
-3.00%$19.81
-2.59%$0.102885
1.18%$1.00
0.00%$36.16
3.89%$21.84
-0.17%$5.11
-3.30%$13.20
-1.38%$0.782913
-3.91%$0.03050464
-2.77%$0.406265
-8.21%$1.051
-0.01%$5.11
-2.23%$0.251014
-2.14%$0.832937
-2.62%$1.17
0.00%$0.99753
-0.39%$102,710.00
-1.26%$0.239091
-2.54%$3.07
-3.36%$0.427298
-3.96%$3.07
-6.28%$4.37
0.13%$0.575581
-2.90%$1.24
-4.63%$0.00002276
-2.11%$4.61
-0.67%$0.539065
-5.44%$2,572.19
-1.68%$1,844.86
1.30%$0.999887
-0.02%$183.15
-1.84%$2,697.09
-0.69%$0.944788
-4.99%$98.56
-0.31%$11.39
0.35%$0.826598
-3.63%$1.35
-2.58%$4.73
-0.47%$0.720523
-1.80%$13.26
-2.11%$0.01984992
-1.03%$0.251666
-4.02%$1.98
-4.55%$1.28
-1.18%$0.809629
-8.92%$2,929.96
-1.07%$0.123253
0.18%$0.07463
0.19%$1.00
0.23%$102,638.00
-1.33%$1.077
-7.93%$0.00010892
-7.80%$3.47
5.41%$0.0159999
12.20%$0.994675
-3.71%$0.729044
-3.38%$0.02002565
-1.16%$0.02168037
-3.05%$2,754.28
-1.06%$1.066
-5.12%$226.77
-1.66%$649.39
-2.00%$0.722345
9.27%$0.99804
-0.27%$194.65
-1.57%$0.999695
-0.02%$0.35312
-1.97%$102,977.00
-1.24%$0.821352
-2.67%$2,709.66
-0.66%$103,979.00
-0.78%$0.00000081
-0.84%$1.00
0.00%$3,189.01
-1.82%$23.56
-2.41%$102,230.00
-0.91%$0.242007
-2.60%$2.40
-1.84%$38.61
-4.14%$3,193.43
-1.97%$0.075099
-7.99%$0.124645
-3.03%$0.72676
-0.40%$2,703.70
-0.91%$12.54
-0.37%$0.766038
-7.45%$0.450071
-2.56%$0.671142
-2.37%$3.80
-4.09%$1.96
-4.55%$2.08
0.86%$0.363932
-2.14%$4.13
0.93%$0.183299
-1.43%$41.29
-4.53%$0.997809
0.02%$0.999758
-0.02%$2.05
-2.95%$1.11
0.83%$0.231539
-2.69%$0.726143
-0.44%$0.501083
-6.64%$0.01736394
-2.00%$2.11
23.81%$20.33
1.08%$2,583.60
-1.18%$0.180783
-4.66%$0.00979578
-4.12%$0.216659
-4.74%$2,583.08
-1.05%$3.37
3.77%$8.31
-0.66%$0.698938
-3.66%$2,755.19
-1.13%$111.04
0.01%$0.669533
-4.36%$103,215.00
-0.88%$2,623.96
-0.85%$0.527691
-10.61%$0.0055932
-7.88%$7.09
-3.33%$0.098248
-3.59%$0.998656
0.02%$0.999903
-0.01%$0.19773
-2.57%$0.107317
0.10%$0.00002463
-2.32%$102,602.00
-1.46%$0.448878
-4.42%$0.00911988
-1.84%$2,584.66
-1.06%$0.715877
-2.97%$0.065193
-3.41%$0.999903
-0.01%$1.91
-2.95%$0.04794013
-2.53%$3.81
-7.16%$100,977.00
-1.87%$0.00526748
18.44%$0.00000044
0.46%$1.65
-1.25%$1.46
0.38%$2,565.78
-1.40%$0.04766845
-1.76%$1.72
-4.33%$46.36
-2.32%$0.430811
-2.84%$0.419795
13.49%$1.011
0.65%$103,114.00
-1.09%$0.155751
-0.20%$1.087
0.00%$0.00000103
-10.48%$0.250303
-2.31%$0.388819
-11.92%$0.00560079
-4.76%$0.02000182
1.83%$0.406657
-2.60%$0.190659
-1.11%$0.348138
-8.25%$0.999829
0.00%$0.999859
-0.08%$0.00006889
-1.13%$0.824146
-4.61%$2,734.91
-0.90%$0.03765512
-0.59%$33.63
-1.11%$139.67
-1.23%$0.00366599
-4.07%$0.8727
-2.38%$0.00000176
3.46%$1.30
0.88%$1.00
-0.04%$3.18
2.57%$2,841.95
-1.00%$21.17
-4.24%$0.281561
-3.55%$20.97
-1.71%$2,817.67
-0.97%$25.03
-3.63%$25.19
-0.31%$0.00325703
-2.38%$103,140.00
-1.05%$0.236783
-2.24%$0.00368837
-7.42%$0.727367
-2.03%$3.82
-7.61%$2,585.24
-1.07%$0.00076585
-9.11%$0.995516
-0.50%$0.554819
-0.92%$1.099
-0.03%$0.291928
11.07%$0.999478
0.01%$2,792.61
-0.86%$0.999802
-0.08%$2,578.56
-1.17%$24.96
-1.02%$0.00
-9.88%$0.893514
-2.07%$0.735299
-0.73%$0.586851
-2.78%$0.292213
-0.90%Reading
Two co-founders of blockchain games developer Gala Games are currently suing each other in a Utah district court. Both lawsuits were filed on Thursday.
Gala’s CEO Eric Schiermeyer alleges the company’s director, Wright Thurston, stole $130 million in GALA tokens back in 2021 through his company True North United Investments, which owns about 45% of Gala.
According to Schiermeyer, the tokens were initially moved to a company wallet, then spread into 43 other wallets under Thurston’s control, before being sold in a “complex web of obfuscatory transactions” between September 2022 and May 2023.
The price of GALA dropped significantly on the news. The Gala Games ecosystem’s native token has fallen over 5% in the last 24 hours and is currently changing hands at $0.01657233, according to CoinGecko.
On the other side of the fence, Thurston alleges Schiermeyer went rogue, neglecting to seek his input while making transactions that led to the “sell off and waste [of] millions of dollars in company assets,” or as it’s known in legalese: corporate waste.
Gala Games President of Blockchain shares his thoughts on the GALA token upgrade and the latest SEC turmoil with Decrypt's Kate Irwin.
The lawsuit alleges Schiermeyer “exercised unilateral control over the operations, assets and profits” of Gala Games and “covertly acted and engaged in transactions on behalf of BGP [aka Gala] and used BGP’s assets and earnings, often for his own personal benefit.”
Both lawsuits ask for the removal of the defendant and the paying of multiple millions in compensation and relief. Thurston’s suit asks for $750 million, alleging Schiermeyer misused at least $600 million from the company funds, while the CEO’s lawsuit asks for the $130 million GALA tokens allegedly stolen plus damages.
Decrypt has reached out to Gala Games and will update this article should we receive a response.
Champions Arena, a free-to-play, turn-based role-playing game (RPG) with optional NFTs, launched to the public on mobile and PC this week, offering players a fun and mobile-first experience with a colorful cast of characters. Developed by OneUniverse/Uniflow and published by Gala Games, Champions Arena is now fully released for iOS on the App Store, for Android on the Google Play Store, and for PC users via Gala Games’ launcher on its website. Champions Arena is addictive, with a solid core gam...
Despite the tumultuous press this week, Gala Games has been an early stalwart of Web3 gaming, with a pretty expansive cross-genre library of titles both live and in development, including Champions Arena, a free-to-play RPG battler with optional NFTs on both mobile and PC that launched in August.
In May this year, the company burned over $600 million worth of GALA tokens after completing its V2 token airdrop, in a bid to alleviate concerns around a "dump and exit" scenario. The airdrop, conducted in May 2023, saw the project's GALA V2 airdropped to all GALA holders in a 1:1 ratio.
Prominent Telegram crypto game Tomarket will launch its TOMA token on the Aptos network this week, following a late-breaking shift from The Open Network (TON). It’s almost time for players to reap what they have sown in the tomato-themed game, as the token is set to start trading soon. Tomarket has split its airdrop into at least three events. One already took place on October 31, but users could not withdraw or trade their tokens—this was more akin to revealing token allocations ahead of the ai...
Crypto gaming franchise Pixelverse is launching a new tactical deck builder game that transforms popular cryptocurrency memes into playable characters, the firm announced Thursday. MemeBattle will feature characters based on the mascots of Base network meme coins, including Brett, Toshi, Keyboard Cat, Dog in Me, Mr. Miggles, Mochi, Ski Mask Dog, and Mochi. Players will be able to build squads using the meme coin-based characters and compete in battles to earn rewards. Characters from other crypt...
Blockchain gaming is reaching a new stage of maturity, with increasing numbers of players accessing games more seamlessly, according to an organization focused on advancing the technology in the gaming sector. However, there are changes in the sector that could create dramatic shifts as traditional gaming developers come into play. The changing tides coincide with major studios like Sony and Square Enix entering the space through layer-2 solutions, according to an industry survey released by the...
