Crypto news: It’s been fun and games this week for Gala Games’ leadership team which became embroiled in a dispute that led to the value of the blockchain’s native token falling 8%.
The company’s CEO, Eric Schiermeyer, alleges that co-founder Wright Thurston unlawfully acquired and traded $130 million worth of GALA tokens. And in response, Thurston is retaliating by claiming Schiermeyer mismanaged the company’s assets and engaged in deceptive practices.
Execs Go Head-to-Head
With two stakeholders at each other’s throats, other senior executives are remaining diplomatic. The company’s president, Jason Brink, said he welcomes the transparency the lawsuits will bring.
GALA holders appear to have voted with their feet, however, sending the price of the token to an all-time low. The token has struggled for over a year and is now down 97.9% from its peak of $0.83.
How the Other Half Lives
A Crypto Wealth Report gives a tantalizing glimpse into the lives of crypto millionaires. And, somewhat unsu
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Author: Geraint Price
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