Do you wonder what transpired during the DNS hijack attack that befell the web3 credentials and rewards platform, Galxe? The official site of Galxe was compromised, confirming a team. They urged users to refrain from using the site due to this security breach.
Understanding the Attack on Galxe
During the DNS hijack attack, hackers employed a DNS exploit to seize control of the official website of Galxe. They then rerouted users to a phishing site connected to a malicious contract. The ultimate goal? To pilfer user funds. The Galxe team revealed that the compromise was aimed at their account with the domain name registrar, Dynadot.
“A security breach affecting the DNS record for ‘galxe.com’ through our Dynadot account has been detected. We advise against visiting the site from any channels while we are addressing the issue,” the team disclosed.
Impact of the Attack on Users
The incident did not just affect the platform; it also led to losses for some users. Crypto detective ZachXBT highlighted that an address associated with the hacker received funds from Galxe users. To date, the hacker’s address has gathered over $140,000 in user funds. Interestingly, this same address was linked to a similar DNS hijack attack on the Balancer exchange on Sept. 20.
Galxe: A Brief Overview
Galxe is a web3 platform that empowers developers to utilize digital credential data and NFTs to reward users for their participation in a range of crypto activities. Users can earn custom reward programs for attending community events, participating in governance tasks, or completing incentivized testnet activity.
Keeping track of these events and rewards can be overwhelming, which is where applications like cryptoview.io come in handy. It allows you to monitor and manage your crypto activities effectively.
Learn More About cryptoview.io
This article is for informational purposes only and does not constitute legal, tax, investment, financial, or other advice.
