Galxe announces $396,000 refund to affected users following DNS attack

Within the wake of a significant DNS assault final week, web3 credentials and rewards platform Galxe has taken steps to reassure its group by asserting a refund of simply over $396,000 to greater than 980 affected customers – and a further 10% on the cash misplaced.

The assault left numerous customers weak as hackers exploited a DNS hijack, redirecting guests to Galxe’s official web site to a malicious phishing web site. The incident put consumer funds in danger, prompting Galxe to shortly create a complete restoration plan. “To the customers affected, we acknowledge the influence of this safety incident and have put in place a complete restoration plan to get you again to well being,” Galxe stated.

Customers who suffered losses will probably be promised compensation in USDT on the Polygon community, valued as of October 9, 3am PT. As a gesture of goodwill, Galxe additionally promised so as to add a further 10% to the preliminary loss quantity from the challenge fund.

Through the assault, solely customers who verified transactions on the phishing web site have been affected, whereas all different facets of the location remained uncompromised, the crew clarified. Galxe added that customers who consider they’re affected however should not on the record or who discover discrepancies of their loss valuation can contact the platform’s assist crew with related proof for rectification.