DNS Attack on Galxe Platform: Fund Breach and Security Threat in the Cryptocurrency World
Date: 2023-10-07 Author: Dima Zakharov Categories: IN WORLD
Attack on Galxe: A Cryptocurrency Security Threat
The cryptocurrency industry has once again become a battleground for cyberattacks, and this time the popular platform Galxe is under threat. The Galxe team confirmed that their official website fell victim to a DNS hijacking attack, resulting in severe consequences. Attackers utilized a DNS exploit to gain access to the Galxe website and redirect users to a phishing site associated with a malicious contract aimed at stealing users' funds.
The attack occurred within the context of Galxe's domain registration with Dynadot, highlighting the critical importance of ensuring the security and reliability of domain management systems in the cryptocurrency world. The Galxe team promptly notified users of the incident and advised them to refrain from visiting the website until the situation was resolved.
User Losses and Hacker Traces
Unfortunately, the incident resulted in the loss of funds for some Galxe users. Researchers discovered that an address linked to the hacker received funds from the platform's users. Currently, this address holds over $140,000 in user funds. Furthermore, this address was associated with a previously known cybercriminal who had carried out similar DNS hijacking attacks on other platforms.
These events emphasize the need for constant vigilance and awareness in the world of cryptocurrencies. Users must always prioritize the security of their assets and adhere to platform recommendations to avoid falling into the traps set by malicious actors.
Galxe - A Web3 Platform for Cryptocurrency Rewards
Galxe represents a Web3 platform that opens up the world of digital credentials and NFTs for developers and users alike as a means of reward in the cryptocurrency space. This platform allows users to earn special rewards for engaging in various crypto activities, such as participating in public events, completing management tasks, and engaging in activities within the test network.
It is crucial to underscore that, despite the negative impact on Galxe's security and reputation, this incident should not erode trust in the Web3 ideology or cryptocurrencies as a whole. The cryptocurrency community must intensify efforts to enhance security and maintain user trust to make the world of cryptocurrencies even more secure and protected.
