Galxe front-end compromised in possible ongoing attack

It has been suggested that the attacker could be the same person as the culprit behind last month’s Balancer attacks

article-image

Andrey_Popov/Shutterstock modified by Blockworks

share

The Domain Name System (DNS) of NFT infrastructure company Galxe has been compromised, with the attacker’s address currently holding $75,000 in digital assets. 

In a post on X, Galxe noted that its website was down and the team is currently working on a resolution. The company also urged users not to connect their wallet addresses to Galxe in the meantime. 

Loading Tweet..

A separate post by Polkastarter, a Web3 fundraising platform, advised users to revoke permissions that had been given to Galxe. 

“We suggest removing all other spending permissions as well to improve the safety of your funds,” the company said on X.

According to the pseudonymous on-chain investigator ZachXBT, the Galxe attacker could be the same entity as the attacker who drained approximately $238,000 from DeFi liquidity protocol Balancer last month. 

Loading Tweet..

Stolen funds have been directed to an Ethereum address, which, at the time of writing, holds almost $75,000. The attack appears to be ongoing, with the last token transfer taking place at 12:30 pm ET.

The hacker appears to be using the same smart contract to execute his hacks across the different networks, X user FIP Crypto wrote. 

FIP Crypto also recommended that users should revoke the smart contract on the 10 different chains that Galxe is deployed on, including Ethereum, Optimism, Arbitrum, BNB Chain, Base, Polygon, Avalanche, Fantom, Celo and Cronos.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (11).png

Research

Union’s technical design brings measured improvements to crosschain interoperability. By combining a consensus-verified hub with novel constructs like state lenses and ZK proofs for client updates, Union achieves an interoperability protocol that is highly performant, trust-minimized, and scalable.

article-image

Crypto finds fundamentals, Chanos books profits and prediction markets make trouble

article-image

The token has crashed over 65% and been marked as dangerous due to its contract’s permissions

article-image

FOMC July minutes may hold the key to Powell’s speech tomorrow

article-image

Singapore’s largest bank is issuing crypto-linked structured notes on Ethereum, but the tokens will remain permissioned

article-image

Jupiter borrows Fluid’s innovative risk engine