Report: GALA token exploit resulted from public leak of private key on GitHub
In accordance with a brand new publish by blockchain safety agency SlowMist on Nov. 7, it appears that the final week’s token exploit affecting GameFi venture Gala Video games resulted from a public leak of relevant safety keys on GitHub. As instructed by SlowMist, pNetwork, the cross-chain interoperability bridge utilized by Gala Video games on the BNB Sensible Chain, had three privileged roles in its good contract pGALA.
“The Admin position is used to handle upgrades and adjustments to the Admin tackle of the proxy contract. The DEFAULT_ADMIN_ROLE position is used to handle numerous privileged roles within the logic (eg: MINTER_ROLE ), and the MINTER_ROLE position manages the pGALA token minting authority.”
SlowMist went on to elucidate that each the DEFAULT_ADMIN_ROLE and MINTER_ROLE roles have been managed by pNetwork throughout initialization. In the meantime, the proxy admin contract was an externally owned tackle chargeable for upgrading the pGALA contract. Nonetheless, the agency posted a screenshot alleging that the plaintext non-public key for the proxy admin proprietor tackle was uncovered and publicly viewable on GitHub. Thus, any consumer with entry to the non-public key may have manipulated the pGALA contract at any time. On Aug. 28, the proxy admin contract proprietor was changed, making the protocol susceptible to an assault.
The Gala Video games token bridge was exploited on Nov. 3 after a single pockets tackle appeared to have minted over $2 billion in GALA (GALA) tokens out of skinny air and dumped the tokens on decentralized alternate PancakeSwap. Round 12,977 BNB (BNB), value $4.5 million, was drained from the liquidity pool.
Cryptocurrency alternate Huobi alleged the aforementioned actions have been a scheme for revenue orchestrated by pNetwork. The latter has denied such allegations, whereas additionally stating in its autopsy evaluation that “No funds loss occurred on the GALA cross-chain bridge. All GALA tokens on Ethereum are protected.”
1/2 We strongly condemn as untruthful Huobi’s accusations towards pNetwork and we are going to search authorized motion accordingly.
Now we have documented proof displaying that pNetwork has acted in good religion, that each one actions have been agreed upon upfront with GalaGames and that…— pNetwork (@pNetworkDeFi) November 6, 2022
