Galxe, a Web3 credentials and rewards platform, has taken measures to reassure its community in response to last week’s DNS attack. The platform announced a refund totaling slightly over $396,000 for over 980 affected users, along with an additional 10% compensation on the lost funds.
The funds of impacted users will be automatically returned to the wallet addresses from which they were taken unless alternative instructions are provided. The affected users will receive their refunds in Tether (USDT), scheduled to be processed on Oct. 16.
Galxe’s Compensation Plan Underway
The attacker exploited a DNS hijack, redirecting visitors from Galxe’s official website to a malicious phishing site, leaving many users vulnerable. This incident resulted in a compromise of user funds, prompting Galxe to develop a comprehensive recovery plan swiftly. The team stated to the affected users that they recognized the impact of this security incident and had created a comprehensive recovery plan to m
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