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

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.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates.png

Research

Ethena Labs is leaping from its flagship synthetic dollar, USDe, to a full product suite—USDtb, iUSDe, and the Arbitrum-based Converge Chain—designed to marry crypto-native yields with TradFi-grade compliance. Our analysis shows how expanding into CME, ETF options, and tokenized Treasuries could lift protocol revenue from sub-$500 million in a bear case to several billion dollars if favorable regulation and institutional adoption align.

article-image

The L1’s Interwoven Stack is the most opinionated tech stack yet

article-image

Bitcoin is still rising, 11 years after the documentary film The Rise and Rise of Bitcoin

article-image

Arch Labs CEO told Blockworks that the team plans to launch a native token, but declined to give details

article-image

CEO Mike Silagadze tells Blockworks that the US is “open for business” and why its DeFi bank offering is the first of many

article-image

Doing one thing well and leaving everything else out is often what disruptive technologies do best