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Wednesday, November 29, 2023

Galxe Website Compromised, Balancer Hackers Likely Responsible

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Galxe, a Web3 credential project, instructed users not to interact with the platform following a security breach on its website.

Meanwhile, on-chain sleuth ZachXBT says the hackers are likely the same as the rogue actors that recently attacked Balancer’s front end.

  • Galxe reported the security incident via its official X handle on October 6, asking users not to visit the compromised site until the issue was resolved.
  • The project previously informed users that its website was down and advised against not connecting their wallets, or if connected, to immediately disconnect and also refrain from signing any transaction.
  • While the platform does not yet state the level of financial damage, Galxe’s warning might be a little late, as several users already reported stolen funds.
  • According to on-chain sleuth ZachXBT, the hacker has started moving funds to an address while also stating that they might be the same ones who attacked Balancer’s front end.
  • As previously reported by CryptoPotato, Balancer asked users not to interact with its interface, as it was under attack. Shortly after the warning, the hacker stole about $238,000. The Ethereum-based decentralized protocol later revealed that the incident was a result of a social engineering attack.
  • Galxe is a Web3 protocol used to run interactive campaigns for crypto giveaways and airdrops. It offers credential services.

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