A hacker hit the Web3 platform Galxe (GAL) with a domain attack on Friday morning and appears to have made off with around $200,000.
Galxe, a web3 credential data network, uses the domain registrar Dynadot.
The project noticed a security breach that compromised its domain name system (DNS) record for galxe.com early Friday morning.
Explains Galx,
“Unfortunately, unauthorized individuals have temporarily taken control of the Dynadot account. We took back domain ownership on October 6 at 9am PST and secured account security with Dynadot.
Preliminary assessments indicate the potentially compromised funds are approximately $200,000 or less.
We are committed to providing more accurate information as we delve deeper into our research. In our efforts to address this situation, we have cooperated with appropriate law enforcement authorities.”
The project notes that users’ funds and information are all still safe as long as they have not approved any transactions from the connected wallets on Galxe after 6 a.m. PST on Friday. The website is still offline at the time of writing.
Galx too say it plans to share the full incident report and fund the recovery plan ‘soon’.
The project’s native token, GAL, is down almost 2.5% in the past 24 hours. The 377th-ranked crypto asset by market cap is trading at $1.16 at the time of writing.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on TweetFacebook and Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney
