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Gala

avoid.net/gala→28/100·100% conf.
[VERIFIED][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·5xy15L…6crv

Summary

Gala Games is a blockchain gaming platform founded in 2019 by Eric Schiermeyer and Wright Thurston whose GALA token has been at the center of two major controversies: a 2023 civil lawsuit alleging Thurston stole 8.6 billion GALA tokens (~$130M) from company wallets, and a separate May 2024 smart contract exploit in which an unauthorized minter minted 5 billion tokens worth approximately $200M. Both co-founders have filed competing civil suits alleging misappropriation of hundreds of millions of dollars, while Thurston also faces an unrelated SEC fraud action over a separate crypto mining venture.

Connected Entities

7 entities · 60 linked investigations
Organizations
□Gala□Kraken62□Ethereum□Gala Games
Protocols
⌂Uniswap
Tokens
♦Coinbase♦Bitcoin
Relationships
  • Ethereum→mentioned with→Coinbase(60%)
  • Ethereum→mentioned with→Bitcoin(60%)
  • Uniswap→mentioned with→Bitcoin(60%)
  • Uniswap→mentioned with→Ethereum(80%)
  • Gala→mentioned with→Bitcoin(60%)
  • Coinbase→mentioned with→Bitcoin(65%)
  • Gala→mentioned with→Ethereum(65%)
  • Gala→mentioned with→Uniswap(70%)
  • Gala→mentioned with→Coinbase(70%)
  • Gala→mentioned with→Kraken(70%)
  • + 6 more
Also appears in
LiFi Protocol·38Zcash·50Cosmos Hub·58Gate.io·32Gala Games·42Patrick Steven Yaroch — FBI Agent Crypto Theft·0Kraken·62Usual USD0·42MemeCore·22pNetwork·12+ 50 more

Connected Through

7 shared actors · 637 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Gala?

Timeline(14 events)

2019

Gala Games (Blockchain Game Partners, Inc.) founded by Eric Schiermeyer and Wright Thurston

February 2021

Alleged unauthorized transfer of 8.6 billion GALA tokens from company wallets by Wright Thurston, per Schiermeyer's later lawsuit

26 November 2021

GALA token reaches all-time high of approximately $0.84, peak market capitalization in billions of dollars

February 2022

Gala Games introduces Project GYRI / GalaChain, an independent Layer-1 blockchain for the ecosystem

September 2022

Alleged liquidation of stolen GALA tokens begins; Thurston allegedly sells via Coinbase and Kraken through 43 wallets, per lawsuit

31 December 2022

GALA price has declined over 97% from its all-time high, closing year around $0.017

3 March 2023

SEC files fraud charges against Wright Thurston and Green United LLC for alleged $18M crypto mining scam unrelated to Gala

31 May 2023

Alleged liquidation of stolen GALA tokens ends, per Schiermeyer lawsuit; Thurston alleged to have netted approximately $130M

31 August 2023

Eric Schiermeyer and Wright Thurston each file civil lawsuits against the other in U.S. District Court for the District of Utah; Schiermeyer seeks $130M+ recovery, Thurston seeks $750M

4 September 2023

GALA token drops approximately 18.5% on the week as public reporting on the dual lawsuits triggers market FUD

20 May 2024

External attacker mints 5 billion GALA tokens via compromised minter private key; sells ~600M tokens for ~$21-29M on Uniswap; GALA drops ~20% intraday

20 May 2024

Gala Games freezes exploited wallet within 45 minutes; CEO Schiermeyer states 'We messed up our internal controls' and confirms FBI and DOJ engagement

August 2024

Utah District Court denies True North / Thurston motion for preliminary relief that would have replaced Schiermeyer as CEO

30 April 2026

Gala community vote approves disinflationary tokenomics update with fee-sharing and permanent token burns

Provenance & Audit Trail
Anchored on SolanaVerify on-chain17 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 17 of 20 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-5

generated: 5/4/2026, 2:54:32 AM

last updated: 9/15/2026, 5:57:05 PM

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