Galaspels grundare låser horn över $130M stulna medel

• Gala Games’ founders filed a lawsuit against one another in a Utah District Court on August 31.
• De två cheferna har anklagat varandra för företagsslöseri och för att ha stulit $130 miljoner från deras plånböcker.
• Wright Turston anklagade Eric Schiermeyer för att driva företaget utan input från Thurston, en direktör på företaget.
• Thurston has been accused of stealing $130M in a “complex web of obfuscatory transactions.”

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Medgrundarna av Gala Games, en Web3- och blockchain-spelplattform, har engagerat sig i en strid om två separata stämningar, en påstådd stöld av nära $130 miljoner GALA-tokens och den andra påstår företagsavfall. Speltokenen har kraschat nästan 9% under de senaste timmarna efter att medgrundarna engagerade sig i en kamp i domstol.

It is important to note that the co-founders of Gala Games, Wright Thurston and Eric Schiermeyer, filed a lawsuit against one another on August 31 in a Utah District Court. Interestingly, the gaming firm’s CEO, Schiermeyer, påstås att i början av 2021 var Thurston och hans värdepappersföretag, True North United Investments, ansvariga för stjäla close to $130 million worth of a token tied to the gaming firm’s ecosystem.

Schiermeyer claims that Thurston moved the tokens to a wallet that was under the firm’s control, and later, the tokens were transferred to 43 other wallets by Thurston. When the CEO confronted Thurston regarding the movements, he stated that he was holding the tokens in his wallet for safety purposes. 

The lawsuit pointed out that the tokens were moved from the wallets and exchanged or sold in a “complex web of obfuscatory transactions” between September 2022 and May 2023. Interestingly, the lawsuit added that Thurston first did not acknowledge the presence of the tokens, while later adding that the GALA-polletter tillhörde honom. 

On the other hand, Thurston is also accused of having stolen licenses to run Gala ecosystem nodes, selling the licenses, and keeping the proceeds. On the very same day, Thurston’s True North arkiveras a lawsuit against Schiermeyer, adding that he caused Gala to “sell off and waste millions of dollars in company assets” and lent millions of the firm’s funds to himself for personal purchases.

Interestingly, Schiermeyer is accused of operating the gaming platform without input from Thurston, who is a director at the firm, while giving incomplete or incorrect information and corporate records to Thurston “despite repeated requests.”

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