Key Points:
According to a statement from Galxe, the website is currently offline and will be restored once the correct Domain Name System (DNS) records are disseminated worldwide.
Users are urged to be cautious and refrain from approving any transactions linked to their wallets with the Galxe hack. The good news is that funds and personal information are secure for those who haven’t authorized any transactions during this time frame.
Galxe relied on Dynadot’s domain registration service, and it was revealed that the domain http://Galxe.com was previously compromised, with an unauthorized individual briefly gaining control of the Dynadot account. Galxe regained ownership of the domain on October 6 and cooperated with Dynadot to bolster account security.
Preliminary assessments indicate that the total loss may be approximately or below $200,000. The Galxe team has taken proactive measures by contacting relevant law enforcement agencies and will soon release a comprehensive report outlining their plan to recover the funds.
This incident follows an earlier outage of the Galxe website on October 6, lasting approximately an hour. The platform confirmed a security breach involving its DNS record. Crypto detective ZachXBT reported that funds were stolen from Galxe during this period, with the associated wallet accumulating around $160,000 in assets.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Willemstad, Curaçao, 4th November 2024, Chainwire
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