BCGAME - Free 5BTC Daily Bonus!While the overall crypto market is constantly evolving, with new projects emerging and constant technological innovations, an internal drama unfolds behind the scenes at Gala Games.
Eric Schiermeyer and Wright Thurston, the brains behind Gala Games, a renowned company that develops games based on blockchain, are now face to face, but not in an amicable way. Both took the legal route, suing each other in different courts.
Schiermeyer, current president and manager of Gala Games, opened a lawsuit against Thurston alleging questionable practices. He argues that Thurston mishandled and sold $130 million worth of GALA tokens, the company's native currency. This sale, according to Schiermeyer, brought significant losses to Gala Games, negatively impacting the price of tokens and harming investors. Furthermore, accusations of breach of fiduciary duty and secret dealings add spice to this controversy.
In response, Thurston, manager and majority shareholder, was not silent. He countered with a lawsuit against Schiermeyer, accusing him of squandering the company's assets and engaging in shady activities. For Thurston, Schiermeyer would have diverted resources from Gala Games for personal benefits and suspicious business operations in places like Switzerland and Dubai. The icing on the cake in this exchange of accusations is the allegation that Schiermeyer denied Thurston access to vital company records.
The foundations of Gala Games were established in 2020, with the two co-founders aiming to create and operate innovative games in the universe blockchain. With an initial agreement to divide business opportunities equally, everything seemed to be going well. However, disagreement over the company's direction and management pushed their professional relationship to the breaking point.
At the time of publication, the GALA price was quoted at $0,01638322, down 5.7% over the last 24 hours and down 26.5% for the month.
