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Gala Games Co-Founders Clash in $130M Token Heist Lawsuit

1 min read
Source: BeInCrypto
Gala Games Co-Founders Clash in $130M Token Heist Lawsuit
Photo: BeInCrypto
TL;DR

Gala Games, a blockchain gaming project, is facing internal turmoil as CEO Eric Schiermeyer and co-founder Wright Thurston engage in a legal dispute. Schiermeyer alleges that Thurston unlawfully acquired and traded $130 million worth of GALA tokens, while Thurston counterclaims that Schiermeyer mismanaged the company's assets. The lawsuits have caused the value of the GALA token to drop by 8%. GALA holders are concerned as the token has struggled for over a year and is down 97.9% from its peak.

Topics:businesscryptocurrency#blockchain-gaming#cryptocurrency#gala-games#gala-token#lawsuit#leadership-dispute
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  1. Gala Games CEO Accuses Co-Founder of $130 Million Token Heist  BeInCrypto
  2. Gala Games Founders in Court Over $130M Token Theft  CoinGape
  3. Gala Games Co-Founders Sue Each Other Over $130M Theft and Mismanagement  egamers.io
  4. Gala Games co-founders to lock horns in court  crypto.news
  5. GALA Sinks 72% In 2023 Alone – Blame Internal Wrangles And Lawsuits?  NewsBTC
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