GALA Falls 8% as Leadership Team Faces $130 Million Token Theft Dispute

Gala Games' CEO and co-founder are involved in a legal dispute, causing the value of the blockchain gaming project's native token to plummet. CEO Eric Schiermeyer accuses co-founder Wright Thurston of unlawfully acquiring and trading $130 million GALA tokens, while Thurston counterclaims that Schiermeyer mismanaged the company's assets and participated in deceptive practices. The internal drama has resulted in an 8% decline in GALA token value.