The GALA price increase coincides with the publication of a report regarding the hack. The successful reaction of the security team and the participation of federal law enforcement authorities are acknowledged in the report. It claimed that Ethereum (ETH) worth more than $20 million had been added back into the system.

In particular, the group saw an atypical transfer of $200 million worth of GALA tokens; nonetheless, all of the assets in the unapproved wallet were locked after 45 minutes. The team successfully mitigated the situation by halting further unlawful minting and GALA movement.

Soon after this incident, almost 90% of the newly created GALA was locked.

In order to maintain the stability of the ecosystem, the organization has suggested burning 4.4 billion GALA tokens in addition to 600 million from the central Gala Treasury in order to address the security problem. The 5 billion GALA will be sent to a burn location, where they will be permanently burnt out of circulation.

GALA's price increased by 20.6%, reaching a peak of $0.04969 at 6:25 AM EDT, according to CoinMarketCap. It is now trading at $0.04736, up 6% to $1.67 billion in market value, and down 24% in trading volume over the last day.