Web3 Credentials Platform Galxe to the Rescue Refunding $396,000 After DNS Attack Means Business – Here’s the Latest

Galxe to Return $396,000 to Users After DNS Attack on Web3 Credentials Platform - Latest Updates

Web3’s Galxe to the Rescue: Refunding Users Impacted by the Great DNS Attack

Hold onto your digital hats, folks! The Web3 credentials and rewards platform, Galxe, has just swooped in like a blockchain superhero to save the day! After facing a villainous DNS attack last week, leaving over 980 users feeling like they’ve been hit by a ton of virtual bricks, Galxe has announced plans to refund a jaw-dropping $396,000 to those affected. But wait, there’s more! In a move worthy of some virtual applause, Galxe is throwing in an extra 10% of the lost funds as a goodwill gesture. Talk about going above and beyond in the digital landscape!

The attack, which Galxe refers to as the “great DNS debacle of 2023,” allowed sneaky hackers to direct unsuspecting visitors to a malicious phishing site instead of the official Galxe website. The team behind Galxe was quick to respond, exclaiming, “Not on our watch!” They’re on a mission to right the wrongs and restore faith in the digital asset universe.

Now, for the juicy details. Affected users will receive their compensation in good old USDT, but with a twist. The funds will be delivered on the Polygon network, ensuring extra security and peace of mind. But Galxe doesn’t stop there! They’re sweetening the deal by adding an additional 10% from their own treasury to supplement the initial loss amount. It’s like finding not one, but two golden coins in the digital treasure chest!

Hey, hold your horses! Only those brave souls who authenticated transactions on the phishing site were impacted. The rest of the Galxe platform remains untarnished, meaning you can rest assured that your other digital assets are safe and sound. Galxe wants to make sure no one is left behind, so if you think you’ve fallen victim to the attack but don’t see your name on the list, fear not! Their trusty support team is here to save the day.

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Hacks Continue to Haunt the Crypto World: A Cryptic Epidemic Unleashed

Oh, crypto world, when will the chaos end? It seems like a never-ending rollercoaster ride of hacks and scams, spinning us all into a digital frenzy. According to a report by the blockchain security platform Immunefi, there were a whopping 76 hacks on crypto and Web3 projects and firms in Q3 of 2023. That’s more hacks than an amateur magician attempting to pull coins out of a hat! Comparing it to the same period last year, where only 30 hacks were reported, it’s safe to say that the crypto realm is facing an epidemic of cryptic proportions.

But wait, there’s more! September, oh glorious September, marked a new record high in the world of crypto exploits. A staggering $332 million was lost to various exploits, hacks, and scams. It’s like a digital bazaar where thieves run wild, snatching coins left and right.

Picture this: on a gloomy September day, the Mixin Network fell victim to a devastating attack, losing a mind-boggling $200 million. It was like a digital heist straight out of a Hollywood blockbuster. And let’s not forget about CoinEx, the cryptocurrency exchange that experienced a colossal breach resulting in losses exceeding $53.1 million. It was a modern-day treasure hunt, but instead of finding gold, hackers walked away with millions of digital treasures.

The drama continues as Stars Arena, a social platform supported by Avalanche’s Contract Chain, finds itself becoming the victim of yet another security breach. It’s like the crypto world is a virtual Wild West, where anyone can become a target.

But fear not, fellow digital adventurers! Despite the chaos, there are glimmers of hope. HTX, a crypto exchange that suffered a security breach, managed to recover a whopping $8 million worth of stolen funds. It’s like a phoenix rising from the ashes, proving that even in the digital realm, justice can prevail.

So, my crypto comrades, stay vigilant and protect your digital fortresses. With great risks come great rewards, and in the ever-changing world of cryptocurrencies, it’s crucial to navigate the treacherous waters with caution. Let’s band together and show the world that the digital asset universe is not for the faint of heart!

Did you enjoy this wild ride through the crypto world? Have you ever faced a digital attack or found yourself on the winning side of a recovery? Share your stories and thoughts below! Together, let’s conquer the digital realm and unlock its full potential!

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