Galxe replacing 110% of funds users lost in recent front-end hack, over $400K
The platform was the victim of a phishing scam that routed users to a website that drained their wallets after they approved a transaction.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The platform was the victim of a phishing scam that routed users to a website that drained their wallets after they approved a transaction.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Crypto hacks hit a record count but the biggest threat isn’t smart contracts
Crypto hack counts just set a record. The warning in TRM Labs' latest data is where the money is actually being lost. In its H1 20...
AAVE data on Celo now live on Token Terminal, monthly active users up 80%
Aave's growth on Celo highlights the potential for increased DeFi adoption via mobile-friendly platforms, attracting institutional...
Funds are buying crypto stocks. Are they exposed to less risk — or more?
Cathie Wood's ARK Invest bought roughly $77 million of crypto stocks in June, adding $44 million of Coinbase (COIN), $25.25 millio...
Banks report highest historical exposure to hedge funds, and crypto is part of the equation
Increased bank exposure to hedge funds amplifies systemic risk, intertwining traditional finance with crypto volatility and potent...
Crypto hacks fell 47% in H1 but ecosystem is no safer: CertiK
Crypto exploits rose 59% quarter-on-quarter to $807.5 million in Q2, due partly to the KelpDAO and Drift Protocol exploits, which...
Solana active users surge 77% to 29.7M in two weeks
Solana's user surge highlights its growing influence and potential to boost market confidence, impacting blockchain competition dy...