Binance stated on Twitter that it has suspended deposits and withdrawals of GALA on the BEP-20 network at 03:49 Beijing time on November 4 due to concerns about pNetwork’s pGALA token, and will stop supporting the BEP-20 network after that. GALA tokens, but continue to support tokens on the ERC-20 network.

Earlier news, the multi-link routing protocol pNetwork minted more than $1 billion of pGALA tokens out of thin air on the BNB Chain due to a misconfiguration of the cross-chain bridge, and made profits by selling it on PancakeSwap. Huobi Global announced that it would re-list GALA after it proposed that the GALA purchased after the abnormal event would be renamed pGALA, and the project party agreed to pay full compensation to the holders of the currency before the accident.