Huobihe Gala Games to Pay $50M to Victims of pGala Scheme

Encrypted exchange Huobi and Web3 game platform Gala Games have jointly compensated pGala fraud victims with $50 million. Huobi has pledged $25 million worth of cash and user benefits, including 15 million USDT and $10 million in equity compensation. Gala Games will provide $25 million worth of node licenses to its affected users. Huobi and Gala Games will begin compensating victims within the next week. Foresight News previously reported that more than 55 billion pGALAs were issued due to pNetwork bridge configuration errors. In addition to the compensation plan, Gala Games will also take legal action against pNetwork, demanding $27.7 million in damages from pNetwork.