GalaChain experienced an abnormal outflow on Aug. 19, with approximately 1.99 billion GALA worth $2.9 million and other tokens transferred from five main addresses to a newly created wallet. About 82%, or 1.639 billion GALA, came from a wallet associated with Gala CEO and co-founder Eric Schiermeyer, which also lost approximately $500,000 in other tokens. The wallet also received 9.3 million KTA worth about $685,000 through a cross-chain bridge. The GALA and KTA were exchanged cross-chain and sold for 1,902 ETH worth about $3.64 million, with the GALA conversion occurring within approximately one hour. HTX data showed KTA falling as much as 37% and GALA declining 15%. Several hours later, a Gala developer submitted remediation code identifying the incident as an EIP-712 unsigned-field injection vulnerability, and the cross-chain bridge was subsequently paused.