On April 3rd, Huobi released an official announcement announcing that it had negotiated with Gala Games to complete a compensation plan for damaged users in the additional attack incident of pGALA, with a compensation amount of 50 million US dollars. According to the announcement, this compensation will be borne jointly by Huobi and Gala Games, and Huobi will provide $25 million in cash and equity equivalent to the damaged users as compensation, including: 15 million USD and 10 million equivalent equity compensation; Similarly, Gala Games will provide node compensation equivalent to US $25 million for damaged users, and the above compensation plan will be launched within this week.

Huobi has teamed up with Gala Games to compensate the users who suffered from the additional attack of pGALA

1. Introduction
2. Huobi and Gala Games Compensation Plan for pGALA Damaged Users
3. Joint Liability of Huobi and Gala Games in Compensation Plan
4. Details of Huobi’s Compensation Plan
5. Details of Gala Games’ Compensation Plan
6. Conclusion
7. FAQs
# Huobi and Gala Games Compensation Plan for pGALA Damaged Users

Introduction

On April 3rd, 2021, Huobi released an official announcement stating that it had completed a compensation plan with Gala Games for pGALA’s additional attack incident. The plan was designed to compensate users who were affected by the attack, and it amounts to a total of 50 million US dollars.

Joint Liability of Huobi and Gala Games in Compensation Plan

The compensation plan, as stated in the announcement, is to be borne jointly by Huobi and Gala Games, with each party contributing 25 million dollars in cash and equity to damaged users as compensation.

Details of Huobi’s Compensation Plan

Huobi’s compensation plan consists of 15 million dollars in cash compensation and an additional 10 million dollars in equivalent equity compensation. It was also stated that the cash compensation will be distributed to affected pGALA holders according to their pGALA holdings at the time of the attack.

Details of Gala Games’ Compensation Plan

Gala Games’ compensation plan involves the provision of node compensation equivalent to 25 million US dollars for damaged users. The compensation will be provided to users who held Gala Games’ GALA token during the attack.

Conclusion

Overall, the Huobi and Gala Games compensation plan is a significant step towards compensating users affected by the pGALA attack. We can only hope that the plan provides some relief for the many individuals that were negatively impacted by the attack.

FAQs

Q1. What was the pGALA attack incident?
A1. The pGALA attack incident was a cyber attack that targeted the pGALA token.
Q2. Who is Gala Games?
A2. Gala Games is a blockchain gaming platform that uses blockchain technology to create and distribute games.
Q3. How will the compensation plan be distributed?
A3. The compensation plan will be distributed to affected users based on their holdings of the relevant tokens at the time of the attack.

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