Gala Games
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 42 → 61. Problems weighed by who is responsible: concerns that are not fraud −9.6, incidents the subject suffered −3.2, problems around the subject, caused by others −1.6; legitimacy credit long-running +10; fact-check adjustments (+14) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -9.6 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -1.6 |
| Long-running | +10 |
| Sum | 61 |
Score: 61/100 (kept between 0 and 100)
How scoring works →Summary
Gala Games is a blockchain gaming platform founded in 2019 by Eric Schiermeyer (co-founder of Zynga) and Wright Thurston, issuing the GALA utility and governance token. The company has been beset by a high-profile inter-founder legal dispute alleging $130 million in token theft, a May 2024 smart contract exploit in which 5 billion GALA tokens worth approximately $200–240 million were minted by a compromised admin wallet, and co-founder Wright Thurston's prior SEC lawsuit over an unrelated $18 million unregistered securities offering. These compounding governance failures, security incidents, and legal controversies place the platform among the more heavily scrutinized projects in the blockchain gaming sector.
Connected Entities
4 entities · 60 linked investigations- Gala→mentioned with→Ethereum(65%)
- Gala→mentioned with→Gala Games(80%)
- Gala→mentioned with→Uniswap(70%)
- Gala Games→mentioned with→Gala(70%)
- Gala Games→mentioned with→Ethereum(70%)
- Gala Games→mentioned with→Uniswap(75%)
- Uniswap→mentioned with→Ethereum(80%)
1 submission awaiting moderator review.
Timeline(14 events)
2019
Gala Games (Blockchain Game Partners, Inc.) founded by Eric Schiermeyer, Wright Thurston, and Michael McCarthy.
September 2020
GALA token launches, distributed via Founder's Node rewards rather than an ICO.
February 2021
Alleged theft: Thurston allegedly moves 8.6 billion GALA tokens from company wallet into 43 separate wallets, per Schiermeyer's 2023 lawsuit.
26 November 2021
GALA token reaches all-time high of approximately $0.82, giving the project a multi-billion dollar market capitalization.
July 2022
GALA daily emissions exceed 8.5 million tokens; critics raise concerns about inflationary supply pressure.
September 2022
Alleged sale activity begins: Thurston allegedly begins selling GALA through centralized exchanges across a complex transaction chain, per Schiermeyer's lawsuit.
March 2023
SEC files suit against Wright Thurston and Green United LLC alleging fraudulent sale of $18 million in unregistered securities related to the GREEN token.
15 May 2023
Gala Games burns approximately 20.9 billion GALA tokens (estimated $660 million) in a public supply-reduction event.
31 August 2023
Eric Schiermeyer files shareholder-derivative lawsuit against Wright Thurston in Utah District Court, alleging $130 million in GALA token theft. Thurston simultaneously files counter-lawsuit against Schiermeyer alleging corporate waste and seeking $750 million in damages.
17 May 2024
President of Blockchain and several other Gala Games team members depart the organization, three days before the subsequent exploit.
20 May 2024
A compromised admin minter wallet on the Ethereum GALA contract is used to mint 5 billion GALA tokens worth approximately $200–240 million. Approximately 599 million tokens are sold via Uniswap for roughly 5,913 ETH before the attacker's address is blocklisted. GALA price falls 15–20% within an hour.
22 May 2024
The exploiter returns approximately 5,912 ETH to Gala Games. The company refers the matter to the FBI and U.S. Department of Justice.
31 May 2024
Gala Games publishes official incident report confirming all 5 billion unauthorized tokens burned via governance vote; company details post-incident security upgrades including Okta SAML and AWS permission redesign.
30 April 2026
Gala Games announces a tokenomics model upgrade introducing protocol-level fee burning and ecosystem distribution on GalaChain.
Decision Log
- slot 455363888 · hash DTfVv3R8BeGrnNwcKHt6nyZP2vwFu1s6E3nHW94tCgrG
- slot 426514882 · hash BoPfMmjLf93rpbmNJzUUMmFfsi4wsgCBkhV45PdDAyJT
- slot 426514877 · hash 5MGyuXCSwusxLB4Bs8uQWtciye8jeSr7heYLEmXLuCWt
- slot 423211497 · hash AVX41m6Rnzywghzrw74JAbRAAh81DBNmw2as1ZyBQFP3
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 11 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/30/2026, 6:32:25 PM
last updated: 10/10/2026, 6:44:13 PM
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