Crypto Warning: Web3 Platform Galxe Hit by DNS Attack

It has been just revealed that the Web3 platform Galxe has been just hit by DNS attack. Check out the latest reports about this below.

Galxe, the web3 credentials and rewards platform, announced that their official website was compromised due to a DNS hijack attack on their front-end website.

The team has advised users not to use the site and has informed them of the incident.

Hackers took control of Galxe’s official website link during the attack by executing a DNS exploit, redirecting users to a phishing site associated with a malicious contract that aimed to steal user funds.

Galxe has reported that their account with the domain name registrar, Dynadot, was targeted in the compromise.

“We’ve detected a security breach affecting the DNS record for ‘galxe.com’ through our Dynadot account. Please refrain from visiting the site from all channels while we are resolving the issue,” the team said.

According to crypto investigator ZachXBT, it appears that some Galxe users have lost funds due to an incident.

The hacker responsible for this received over $160,000 in user funds through an address linked to them. This same address was also associated with a DNS hijack attack on the Balancer exchange in September.

Galxe is a platform that enables developers to utilize digital credential data and NFTs to reward users for their involvement in crypto-related activities.

Users can earn customized rewards for attending community events, participating in governance tasks, or completing incentivized activities.

According to a popular crypto trader, Bitcoin (BTC) is preparing to reach new heights and Chainlink’s (LINK) final corrective moves have been plotted.

The crypto analyst, Michaël van de Poppe, has informed his 668,000 followers on X, a social media platform, that BTC is poised to aim for new highs.

A few days ago, Van de Poppe mentioned that BTC was consolidating, which he believes will give some altcoins the necessary momentum.