The blockchain community platform Galxe suffered a security breach on October 6, and its website was offline for about an hour. Galxe said on Twitter that its Domain Name System (DNS) records were affected and reminded users not to access the domain until the issue is resolved. Although the site has been restored, some users have reported being blocked by Google.

According to the Web3 network security service, Galxe's DNS records were modified, resulting in user wallets being stolen by phishing websites. Crypto sleuth ZachXBT said Galxe’s funds were stolen and the wallet associated with the vulnerability continued to raise funds after the site came back online, totaling approximately $160,000. ZachXBT speculates that the Galxe exploiter may be related to the party that attacked the Balancer protocol on September 19.

A report from the security platform Immunefi shows that compared with the same period last year, Web3 project losses increased significantly in the third quarter of this year, with attacks rising to 76% year-on-year, and losses approaching $686 million.