In a shocking revelation, over $160,000 has been illicitly taken following a cybersecurity breach on the Galxe platform. The incident has sent ripples across the crypto community.
The Galxe team has sprung into action, already taking strides in restoring the site to its former state. Assuring users of their intent, the team states unequivocally that they will devise a comprehensive plan to reimburse the funds to affected users.
For those directly impacted by this incident, it’s imperative to stay updated on the recovery progress and compensation details. Key channels for real-time information include Galxe’s official Twitter and Discord channels.
Early estimates from the team indicated that the compromised funds hovered around, if not slightly below, the $200,000 mark. “We will share the complete report and our strategy for fund recovery in due course,” said a spokesperson from the Galxe team.
Latest Update: As of the recent update, the Galxe website is back in full operation. The damage assessment revealed that approximately 1,120 users who engaged with the corrupted site bore the brunt of the attack. Alarmingly, the stolen amount is now estimated at about $270K, significantly more than the initial figures.
For a detailed breakdown and further information, readers can visit the official statement released on Twitter.
![Alicia Maclean](https://crpto.news/wp-content/uploads/2023/08/download-3.jpg)
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