The co-founders of the blockchain gaming platform Gala Games, Wright Thurston and Eric Schiermeyer, have locked horns in court. Thurston, through his investment company True North United Investments, is accused of stealing $130 million worth of GALA tokens. Schiermeyer is suing Thurston for the return of the tokens and for him to step down from his position as Gala director. Thurston, on the other hand, is suing Schiermeyer for allegedly forcing Gala to “sell off and waste millions of dollars in company assets” and borrowing millions from Gala for personal use.The US Securities and Exchange Commission (SEC) had previously sued Thurston and two companies he co-founded (True North and Green United) for selling investments in a supposedly fake crypto mining scheme. The GALA token has dipped more than 5% over the last 24 hours due to the legal battle between the two co-founders.

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Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	8
People	Eric Schiermeyer, Wright Thurston
Companies	Utah District Court, Gala Games, True North United Investments, Green United, Crypto Wallet, True North, US Securities and Exchange Commission (SEC)
Currencies	US Dollar, GALA, Ethereum, TrueChain, Bitcoin
Securities	None