Web3 digital credential data network Galxe tweeted that the website is now fully recovered and the team continues to enhance security.
On October 6, an unknown individual contacted Galxe's domain service provider Dynadot, impersonating an authorized Galxe member and bypassing the security process with falsified documentation. The impersonator then gained unauthorized access to the domain account, which was manipulated to redirect website visitors to a fake site and sign transactions that misappropriated their funds.
Galxe stated that the incident only affected its domain and front-end application. All Galxe smart contracts and technical systems remain secure and protected. All user information remains safe and unaffected.
To date, Galxe estimated that approximately 1,120 users who interacted with the malicious site were affected and about $270,000 was stolen. The team is actively working with legal enforcement and third-party experts to develop a fund recovery plan that will ensure everyone who is affected will be supported.
Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!
Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com
Web3
Data
Security Incidents
