In a recent development, concerns have arisen regarding the security of the altcoin Galxe platform. Several users have also reported instances of stolen assets. These reports set off alarm bells among the Galxe user community. Accordingly, this led to a closer look at the platform’s security measures.
Assets disappear after wallet authorization
Complaints are coming from an increasing number of Galxe users. Accordingly, they claim that their digital assets were lost after they authorized the Galxe platform using their wallets. They also share their unfortunate experiences. These incidents left users frustrated and concerned about the security of their presence on the platform.
In response to these security issues, Galxe took action. The platform acknowledged the situation and confirmed that the website is currently inaccessible. Galxe’s technical team is working diligently to resolve the issue and restart normal operations.
🚨 Attention Community! At the moment, the Galxe website is down and we’re working on repairing the issue. Please do not connect your wallet to Galxe for the timebeing.
The issue will be resolved shortly, thank you for your patience!
— Galxe (@Galxe) October 6, 2023
Interim injunction
As a precautionary measure, Galxe advised all users to refrain from connecting their wallets to the platform until further notice. This step aims to prevent additional security breaches and protect the assets of Galxe users.
As a result, the security breaches reported on Galxe raise valid concerns within the cryptocurrency community. Galxe’s rapid response and precautionary measures demonstrate its commitment to addressing these issues and ensuring the security of user assets. Users are advised to remain vigilant and stay aware of any updates from Galxe regarding the ongoing situation.
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