The Gala community has initiated a governance proposal regarding "Temporary GALA Token Contract Upgrade and Token Destruction"

News on May 22, the Gala community initiated a governance proposal concerning "temporary GALA token contract upgrade and token destruction". The proposal points out that due to recent security incidents leading to the unauthorized minting and selling of approximately 600 million GALA tokens, as well as the permanent lockup of about 4.4 billion tokens, this proposal aims to formally destroy these approximately 4.4 billion GALA tokens, along with about 600 million GALA tokens from the GALA treasury, in order to ensure ecosystem stability and sustainability. Note: Due to the upgradable nature of the GALA contract, proposed changes will not require exchange or re-listing on exchanges and can be executed without affecting all GALA token users. This move will involve upgrading the GALA contract, including explicit and irreversible destruction of an equal number of unauthorized or illegally obtained tokens recognized by law enforcement agencies, while enhancing contract security features to prevent future unauthorized access or default.