PGALA is a meme token that’s created due to the pNetwork cross-bridge misconfiguration. Please note that PGALA is no longer pegged to the former GALA token. On November 4, 2022, over $1 billion pGALA tokens were minted out of thin air on BNB Chain due to a misconfiguration on pNetwork. In the spirit of protecting users’ interests, Huobi has decided to rename the GALA assets bought by users after the accident as PGALA. (BSC contract: 0x7ddee176f665cd201f93eede625770e2fd911990).The following mechanisms are updated for PGALA for the interests of the community:<ul><li>Tax burn mechanism: A 1.2% two-way tax burn rate will be charged for PGALA spot trading. This PGALA tax burn rate does not affect any other tokens</li><li>Repurchase &amp; burn: The BSC GALA tokens that were illegally minted on BNB Chain and deposited to Huobi are regarded as unjustified enrichment and will be used to repurchase and burn PGALA. The trading fees generated from GALA-related trades from 00:00 to 24:00 (UTC+8) on November 4, 2022, will all be used to repurchase and burn PGALA.</li></ul>

pGALA

PGALA is a meme token that’s created due to the pNetwork cross-bridge misconfiguration

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Huobi and Gala Games have contacted the legal team and will join hands with Gala Games to file a lawsuit against pNetwork for massively releasing pGALA supplements to recover the losses.

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Huobi And Gala Games File A Lawsuit Against pNetwork For Publishing $1B pGALA

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Huobi And Gala Games File A Lawsuit Against pNetwork For Publishing $1B pGALA