Key Takeaways
- Galxe, a web3 platform, faces a DNS hijack attack, compromising its official website.
- Users suffer losses of approximately $140,000, highlighting crypto security vulnerabilities.
- The incident underscores ongoing cybersecurity challenges in the crypto-sphere.
In a surprising turn of events, Galxe, a prominent web3 credential and reward platform, has announced that it has been a victim of a DNS hijack attack. Moreover, the platform’s official website has also been compromised, which has led to a redirection of users to a malicious phishing site. Let’s take a look at the details that have been garnered so far.
The Attack
Phishing attacks and hijacking of platforms in the crypto-sphere are becoming increasingly common. Today, Galxe reached out to users through Twitter and informed them about a breach in security. The attack has apparently targeted the platform’s domain registration with Dynadot and has emphasized the vulnerability of these so-called well-established platforms.
The incident has reported a loss of around $140,000 for users, and this financial loss marks a regrettable turn of events. This breach is a gloomy reminder of the ever-present cybersecurity challenges within the crypto-sphere. As Galxe continues its mission to leverage digital credentials and NFTs to reward users for their active participation in the burgeoning world of web3, this is a major setback.
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