CryptoReplacement of 110% of the funds lost by users in the recent...

Replacement of 110% of the funds lost by users in the recent front-end hack, over $400,000.

Author: Andrew

Galxe is making users whole by 110% if they lost funds in a recent hack, the firm announced on Oct. 10. “We want to express our deepest gratitude to those who are standing by us during this difficult time,” the company said.

Users’ funds will be automatically returned on Oct. 16 to the wallet addresses they were taken from unless they request other handling. The affected users will be paid in Tether (USDT) with the value calculated as of 10:00 UTC Oct. 9.

Share This Post

Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

Related Posts

What Causes Resistance in Crypto?

Cryptocurrency markets are notorious for their volatility, which can...

10 Benefits of Using Cryptocurrency as a Method of Payment

In recent years, cryptocurrencies have transitioned from a niche...

13 Disadvantages of Using Cryptocurrency as a Payment Method

Cryptocurrency has gained significant traction over the past decade,...

What Technology is Used to Record Cryptocurrency Transactions?

Cryptocurrencies, such as Bitcoin, Ethereum, and others, have revolutionized...

Satoshi Action Fund Nears Fundraising Goal in Bid to Secure Bitcoin’s Future in U.S. Policy

Dennis Porter, CEO and co-founder of the Satoshi Action...

Kaspa Surges with Double-Digit Gains, Soaring to $3.43B Market Cap

Kaspa, a proof-of-work (PoW) altcoin, has emerged as one...
Previous article
The economy is booming. That means it might be time to buy bitcoin.
Next article
Here’s What You Should Know If Bitcoin (BTC) Dips Below $28,000

Welcome to [Chaincryptocoins], where the future of finance is at your fingertips. In this dynamic era of digital innovation, we invite you to embark on a journey into the exciting world of cryptocurrencies.

2023 © Copyright chaincryptocoins.com