Web3 digital credential data network Galxe announced that the website is fully back up and running and the team will continue to strengthen security measures. Previously, an unknown person impersonated an authorized Galxe member, bypassed security processes by forging documents, manipulated domain accounts to redirect visitors to fake websites, and signed transactions to misappropriate funds.

Galxe reiterated that this incident only affected domain names and front-end applications. All smart contracts and technical systems were not affected, and user information security was guaranteed. It is estimated that approximately 1,120 users were affected, resulting in losses of approximately $270,000. Galxe is actively developing a fund recovery plan with law enforcement and third-party experts to ensure affected users receive support.