Report: GALA token exploit resulted from public leak of private key on GitHub

In keeping with a brand new submit by blockchain safety agency SlowMist on Nov. 7, it appears that the final week’s token exploit affecting GameFi challenge Gala Video games resulted from a public leak of relevant safety keys on GitHub. As advised 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 function is used to handle upgrades and adjustments to the Admin handle of the proxy contract. The DEFAULT_ADMIN_ROLE function is used to handle numerous privileged roles within the logic (eg: MINTER_ROLE ), and the MINTER_ROLE function 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 handle chargeable for upgrading the pGALA contract. Nevertheless, the agency posted a screenshot alleging that the plaintext personal key for the proxy admin proprietor handle was uncovered and publicly viewable on GitHub. Thus, any person with entry to the personal 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.

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The Gala Video games token bridge was exploited on Nov. 3 after a single pockets handle 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), price $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 in opposition to pNetwork and we’ll search authorized motion accordingly.
We’ve got documented proof displaying that pNetwork has acted in good religion, that every one actions have been agreed upon prematurely with GalaGames and that…

— pNetwork (@pNetworkDeFi) November 6, 2022