May 3, 2024
Security News

Legal Battle at Gala Games: CEO Accuses Co-Founder of $130 Million Theft

Gala Games CEO Eric Schiermeyer has filed a lawsuit against the company's co-founder, Wright Thurston, alleging the theft of 8.6 billion GALA tokens worth $130 million in early 2021. In addition to alleging theft, the lawsuit claims that Thurston has a history of founding companies that end up insolvent, bankrupt, or in litigation. Schiermeyer’s lawsuit was filed on August 31, and reported on by The Block on Sunday.... Read More: Legal Battle at Gala Games: CEO Accuses Co-Founder of $130 Million Theft