Did Balancer Attackers Target Galxe as well, the $270k Heist?
Galxe, a Web3 community, faced a breach on October 6, 2023, and as per the X post of an influencer, the hack was carried out by the same hackers that drained Balancer a month ago. Galxe officials said, “On October 6, an unknown individual contacted their domain service provider Dynadot, impersonating an authorized Galxe member and bypassing the security process with falsified documentation.” The bad actor then gained unauthorized access to the domain account, which was manipulated to redirect website visitors to a fake site and sign transactions that misappropriated their funds. The ecosystem further informed that it “ only affected our domain and front-end application. All Galxe smart contracts and technical systems remain safe and protected.” As per available data on Etherescan, 1,120 users got affected after interacting with the malicious site, and approximately $270K funds were wiped out. The Galxe ecosystem is closely working with law enforcement officers to recover the lost funds. The hacker(s) conducted a social engineering attack against Dynadot, which is the DNS registrar of our domain Galxe(dot)com; by using forged documents of the account owner, they successfully bypassed Dynadot‘s security process and were granted temporary access to Galxe(dot)com’s Dynadot account. The suspicious activity was traced to IP address 141.98.252.160. The