Gala token exploit 'not a white hat act': Huobi Global

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Huobi Global has a different story to tell about the Gala token exploit: 'Through this attack, pNetwork has profited over $4.5 million.'

that everything is fine and that the activity observed is part of pNetwork’s efforts to safeguard its liquidity pool from vulnerabilities.by Huobi Global, the crypto exchange made allegations against pNetwork, claiming that the protocol’s recent behavior was not a white hat move. According to Huobi, the recent incident was a scheme for malicious profit.

The exchange underscored that it is ready to represent the users who sustained damages from the incident and threatened to take legal action against pNetwork. However, if the alleged attackers are willing to return the proceeds from the attack, Huobi said that it will provide a $1 million bounty and will not pursue its legal responsibilities.deeming Huobi's allegations as untruthful.

 

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