Huobi, one of the world's most prominent crypto exchanges, and Web3 gaming platform Gala Games have joined forces to provide exoneration for the victims of a crypto scheme last fall. The ill-fated plot included minting $1 billion worth of pGALA, resulting in an unfortunate 94% plunge of the GALA token price. In response to the incident, Huobi and Gala Games have committed to a total of $50 million worth of cash, user benefits, software licenses, and legal recourse. The compensatory process will be initiated within this week.

In addition to providing compensatory measures, Huobi and Gala Games are taking further procedures to recover losses and to protect the rights and interests of users. Among these is their active participation in a $27.7 million lawsuit that Gala Games has filed against pNetwork. Furthermore, Huobi has proclaimed that it will provide an equity of 10 million to those users whose holdings were found to be affected.

The $50 million payout is testament to these two entities' commitment to maintaining the highest standards of quality within the crypto industry. Huobi and Gala Games understand there is a vulnerable population of users in this space, and they take responsibility when it comes to ensuring their safety and security. Although no amount of compensation can ever bring back the losses victims have accrued, it's a step in the right direction and a gesture of goodwill from the industry.



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