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, it led to a closer look at the platform’s security measures.
Assets disappear after wallet authorization on ALtcoin platform
Complaints are coming from an increasing number of users of the altcoin Galxe. 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 events left users frustrated. On the other hand, it also causes people to worry about the security of their assets on the platform.
In response to these security issues, altcoin Galxe took action. The platform accepted the situation. On the other hand, he 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, altcoin Galxe has 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.
What Twitter user Bit said
A Twitter user also put the issue on the agenda. There are important details according to the information shared by the user. The user states that the altcoin Galxe is suspected of having security issues. It also points out that many users have reported their assets being stolen.
Galxe疑似出现安全问题，多位用户反映资产被盗,
多位社区用户称使用钱包授权Web3凭证数据网络Galxe平台后，资产被盗。进网址 就会让你链接钱包 然后claim,然后钱就没了 pic.twitter.com/Yym9omzTba
— 何币 (@hebi555) October 6, 2023
The allegations were not limited to just this. Accordingly, many community users share similar results. He also claims that his assets were stolen after he used his wallets to authorize the altcoin Galxe platform, the Web3 credential data network. When you enter the website, you need to link your wallet. On the other hand, you are asked to make a claim. However, as a result, your money disappears. This development also had an impact on the price of altcoin gal. At the time of writing, altcoin GAL dropped to $1.31. There was some recovery afterwards. The altcoin is currently trading at $1.16. When we look at Kriptokoin.com, let’s note that the decline started at $ 1.21.
