Galxe protocol experiences DNS attack, losses top $150K and still growing
The website of Web3 community platform Galxe was offline for about an hour on Oct. 6. Galxe reported on X (formerly Twitter) that its website was down at 14:44 UTC, confirming 40 minutes later that it had experienced a security breach affecting its Domain Name System (DNS) record. It warned against visiting the domain until the situation was remedied.
At the time of writing, Galxe had not confirmed that its website was safe to use again. After the website was restored, some X posters were reporting that it was blocked by Google.
Dear Galxe Community,
We recognize the impact that recent events have had upon our users and are quickly working to take remedial action. The Galxe security team continues to take an aggressive approach to protect your data, funds and digital assets.
Steps You Should Take:
❗️Do…
One Web3 cybersecurity service explained:
Crypto detective ZachXBT reported that funds were being stolen from Galxe. The wallet ZachXBT linked to the exploit continued to gather funds after the Galxe website came back online, hovering around $160,000 at 17:15 UTC.
ZachXBT suggested a link between the Galxe exploiter and the party that attacked the Balancer protocol on Sept. 19. That was the second attack on Balancer in the span of a month.
Once you connect to Galxe, you will be prompted for approval.
If you approve by logging in to WEB3 as usual, all assets will be removed.
Please RT and spread the word. pic.twitter.com/W51Bdd78KU
The second attack on Balancer led to losses of $238,000. The Balancer team called the incident a social engineering attack on its DNS server carried out by a crypto wallet drainer called Angel Drainer. Blockchain security firm SlowMist suggested that the attacker was associated with Russia.
$148k has
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