Web3 platform Galxe has experienced a security breach, leading to multiple users losing access to their funds and wallets. The breach appears to have occurred through a DNS account conducted via the platform’s domain nameservers on Dynadot.
- The web3 community-building platform, Galxe, has experienced a security breach.
- Numerous users have reported losing access to their funds and wallets on the Galxe platform.
- The Galxe website is currently inaccessible.
- The breach appears to have resulted from a DNS account compromise via the platform’s domain nameservers on Dynadot, a domain marketplace.
Galxe, a prominent web3 community-building platform, has fallen victim to a significant security breach. A growing number of users are reporting difficulties accessing their funds and wallets on the Galxe platform. Additionally, the Galxe website is currently inaccessible.
The platform has issued several warnings to users, urging them to disconnect their wallets from the platform and refrain from confirming any transactions. The breach appears to have originated from a DNS account compromise that occurred via the platform’s domain nameservers on Dynadot, a domain marketplace.
— OutbackDeFi (@BushOrangutan) October 6, 2023
In response to the breach, users are being urgently advised to transfer their funds from their Galxe accounts to alternative wallets. Any affected user is encouraged to reach out to the platform’s support team via their Discord channel.
The cryptocurrency industry has faced a challenging year in terms of security breaches and scams. Recent reports indicate that the industry suffered losses exceeding $889 million in the third quarter of 2023 alone due to such incidents. With the latest breach, Galxe appears to be another addition to the growing list of victims in the ongoing wave of crypto hacks.