Galxe Reimbursing Users After $400K Lost in Recent Hack
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Galxe replacing 110% of funds users lost in recent front-end hack, over $400K.
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Hack lasted just over 5 hours on Oct 6, draining wallets after users approved transactions.
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Around 1,120 users affected, with losses from $53K down to pennies.
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Galxe working with security firms to track hacked funds. Improved DNS security.
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GAL token fell from $1.20 to $1.15 on Oct 6. Reached $1.21 over weekend before settling around $1.16.