GALA Token Creates New 2023 Low: 96% Investors in Loss
The co-founders of Gala Games, Wright Thurston , and Eric Schiermeyer , recently filed lawsuit s against each other over theft and mismanagement. Schiermeyer alleged that Thurston and his investment firm, True North United Investments, stole around $130 million worth of GALA in 2021. Thurston, on the other hand, blamed Schiermeyer for triggering Gala Games to “sell off and waste millions of dollars in company assets.” He further alleged that Schiermeyer lent millions of dollars worth of company funds to himself for personal purchases. On the heels of the lawsuit , GALA ’s price started dropping owing to fear, uncertainty, and doubt. In fact, GALA also went on to create a new 2023 low at $0.01603 a few hours ago. Additionally, the asset was the top loser on the daily timeframe at press time. GALA was priced at around $0.01658, down 5.7% in the last 24-hours. GALA/USDT by TradingView Also Read: Dogecoin Averages 1.3% on its ‘Best’ ...