In the wake of a major DNS attack last week, web3 credentials and rewards platform Galxe has taken steps to reassure its community by announcing a refund of just over $396,000 to more than 980 affected users – and an additional 10% on the money lost.
The attack left countless users vulnerable as hackers exploited a DNS hijack, redirecting visitors to Galxe’s official website to a malicious phishing site. The incident put user funds at risk, prompting Galxe to quickly create a comprehensive recovery plan. “To the users affected, we recognize the impact of this security incident and have put in place a comprehensive recovery plan to get you back to health,” Galxe said.
Users who suffered losses will be promised compensation in USDT on the Polygon network, valued as of October 9, 3am PT. As a gesture of goodwill, Galxe also promised to add an additional 10% to the initial loss amount from the project fund.
During the attack, only users who verified transactions on the phishing site were affected, while all other aspects of the site remained uncompromised, the team clarified. Galxe added that users who believe they are affected but are not on the list or who notice discrepancies in their loss valuation can contact the platform’s support team with relevant evidence for rectification.