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GalaChain Halts Bridge After $2.9M Anomalous Outflow; 82% from CEO-Linked Wallet

Source: X Community

GalaChain has temporarily suspended its cross-chain bridge following an anomalous outflow of $2.9 million in assets, with 82% of the affected funds traced to a wallet associated with the CEO. The incident raises security concerns within the crypto ecosystem, prompting an investigation into the breach.

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