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Home News Galxe Protocol Suffers DNS Attack, Incurs Losses Exceeding $150,000 and Counting

Galxe Protocol Suffers DNS Attack, Incurs Losses Exceeding $150,000 and Counting

by sun

In a recent development, Galxe, a prominent Web3 community platform, fell victim to a disruptive DNS attack, resulting in substantial financial losses surpassing $150,000 and an ongoing threat to its online operations.

The incident unfolded on October 6, when Galxe’s website suddenly went offline, marking an hour-long disruption in its services. Galxe promptly took to X, formerly known as Twitter, to notify its user base of the outage. The initial report surfaced at 14:44 UTC, with the confirmation of a security breach related to its Domain Name System (DNS) record issued approximately 40 minutes later. The company urged caution, advising against visiting the domain until the security situation could be rectified.

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As of the time of writing, Galxe had not provided an assurance of the website’s safety for users. Subsequent to the site’s restoration, several X users reported that it had been blocked by Google (NASDAQ: GOOGL), further complicating the platform’s recovery efforts.

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This DNS attack has raised significant concerns within the cryptocurrency community, as the financial toll continues to mount. With the losses exceeding $150,000 and the situation yet to be fully resolved, Galxe faces a daunting challenge in regaining the trust of its users and securing its digital infrastructure.

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