On November 8, Binance announced that it will support pNetwork multi-link routing protocol implementing a BNB (BEP20) recovery plan and for pGALA (BEP20) holders.
The pGALA token (BEP20) is defined as the GALA token deposited into Binance via the BNB Smart Chain (BEP20) network between 2022-11-03 19:49 (UTC) to 2022-11-07 08:00 (UTC) is eligible to receive the BNB airdrop. As stated in the pNetwork (PNT) recovery plan, the final snapshot time will be 2022-11-07 08:00 (UTC).
As updated in an earlier Coincu News article, pNetwork mined over $1 billion in pGALA tokens off-chain on BNB Chain due to cross-chain bridge misconfiguration and made a profit by selling it on PancakeSwap.
However, after confusing the community when the project’s GALA token suddenly dropped by 30%, the project has corrected them to be behind this hack. Because the project noticed that the pGALA pool on PancakeSwap showed signs of being unsafe and decided to attack the vulnerability itself to prevent bad guys from taking advantage.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
CoinCu News
Blur has officially migrated to the Blast public chain.
Positive dialogue between issuers and the SEC raises hopes for the approval of Ethereum futures…
If approved, the proposed regulations could have immediate implications for the Arkansas crypto mining industry.
Celsius Network has obliterated all 652 million CEL tokens it held, amounting to a staggering…
Patrick McHenry, the influential chairman of the U.S. House of Representatives Financial Services Committee, accused…
Binance founder Changpeng Zhao was sentenced to four months in prison for money laundering violations.
This website uses cookies.
