Web3 platform Galxe hit by DNS attack on front-end website

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By BitcoinWiki News

Key Takeaways:

– The official website of Galxe, a web3 credentials and rewards platform, was compromised due to a DNS hijack attack.
– Hackers used a DNS exploit to take control of Galxe’s website link and redirected users to a phishing site.
– The compromise targeted Galxe’s account with the domain name registrar, Dynadot.
– Users were advised not to visit the site until the issue is resolved.
– The incident resulted in user losses, with the hacker’s address receiving over $140,000 in user funds.
– The same address was previously involved in a similar attack on the Balancer exchange.
– Galxe is a platform that uses digital credential data and NFTs to reward users for participating in crypto activities.


Title: Galxe Website Compromised in DNS Hijack Attack, Resulting in User Funds Loss

Introduction:
The official website of Galxe, a web3 credentials and rewards platform, was compromised in a DNS hijack attack. The attackers exploited a DNS exploit to gain control of the website link and redirected users to a phishing site aimed at stealing user funds. Galxe has confirmed the incident and urged users not to use the site while they resolve the issue.

DNS Hijack Attack:
Galxe’s account with the domain name registrar, Dynadot, was targeted in the security breach. The attackers executed a DNS hijack attack to take control of Galxe’s official website link. As a result, users were redirected to a phishing site associated with a malicious contract designed to steal user funds.

User Losses:
The incident has led to significant losses for some users. Crypto sleuth ZachXBT observed that an address linked to the hacker has received funds from Galxe users. The hacker’s address has accumulated over $140,000 in user funds. Notably, the same address was involved in a similar DNS hijack attack on the Balancer exchange in September.

Galxe’s Platform:
Galxe is a web3 platform that enables developers to utilize digital credential data and non-fungible tokens (NFTs) to reward users for their involvement in various crypto activities. Users can earn custom reward programs for participating in community events, engaging in governance tasks, and completing incentivized testnet activities.

Conclusion:
The Galxe website was compromised in a DNS hijack attack, leading to the redirection of users to a phishing site aimed at stealing user funds. The incident has resulted in significant losses for some users, with funds accumulating in the hacker’s address. Galxe has notified users of the breach and urged them not to use the site until the issue is resolved. The incident highlights the importance of maintaining robust security measures to protect against such attacks in the crypto space.

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