Galxe Initiates $270,000 Fund Recovery Plan After DNS Attack
The attacker gained unauthorised access to Galxe's domain account, manipulating it to redirect visitors to a counterfeit website and execute transactions that siphoned off their funds.
![image Davin](https://image.coinlive.com/24x24/cryptotwits-static/452551d8f69058fb1ac891199d6a7b76.jpeg)
The attacker gained unauthorised access to Galxe's domain account, manipulating it to redirect visitors to a counterfeit website and execute transactions that siphoned off their funds.
Crypto investigator ZachXBT has noted that stolen funds appear to be funnelled into a wallet address closely associated with the individual behind a recent Balance frontend attack.
The key benefits of web3 include improved data privacy, transparency, and innovation.
The validity of Terraform Labs CEO Do Kwon’s passport is expected to expire on Oct. 19.
South Korea’s Ministry of Foreign Affairs published a notice saying that it would cancel Kwon’s passport if he did not return it.
While legal troubles pile up for Kwon, JAIL KWON meme token has skyrocketed over 500%.
The CEO of Terra along with five others were issued with an arrest warrant on Wednesday.
Why Web 3 matters 🧵 Web 1 (roughly 1990-2005) was about open protocols that were decentralized and community-governed. Most of the value accrued to the edges of the network — users and builders. Web 2 (roughly 2005-2020) was about siloed, centralized services run by corporations. Most of the value accrued to a handful of companies like Google, Apple, Amazon, and Facebook.
What’s next in web3? 🧵 First, where are we today? Let’s start with some anecdotes. We have an awesome games team led by [@Tocelot](https://twitter.com/Tocelot/) that invests in founders out of top game studios like Riot, Epic, Blizzard etc. Almost 100% of founders they've met with recently are exploring NFTs in some way, or are already building NFTs into their games