Galxe Introduces Fund Recovery Plan to Address Security Breach
Galxe, a prominent web3 community-building platform, has announced a comprehensive Fund Recovery Plan in response to a recent security breach. The plan aims to compensate affected users and enhance the platform’s security infrastructure.
To initiate the reimbursement process, users are required to provide supporting documentation, such as screenshots or transaction addresses, for verification purposes. Galxe will then return the recovered funds to users’ original wallet addresses. However, an alternative option is available for those who wish to designate a different wallet address.
The company is committed to implementing robust security measures with the assistance of top-tier engineers and cybersecurity professionals. The breach occurred due to a DNS attack on Galxe’s domain nameservers hosted by Dynadot. Galxe has pledged to refund $396,000 to affected users.
Positive Community Response
Despite the setback caused by the breach, Galxe’s prompt and well-organized response has garnered praise from the community. The platform is actively engaging with concerned users regarding future security measures.
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