Galxe Compensates Users After Recent Hack

Galxe Announces User Compensation

Galxe has committed to compensating users who suffered losses due to a recent hack, offering a 110% reimbursement. This decision reflects the company's dedication to maintaining trust and gratitude towards its community during challenging times.

Automatic Fund Restoration

On October 16, the company will automatically return funds to the original wallet addresses from which they were withdrawn. This process aims to simplify the recovery for affected users, ensuring they are swiftly and efficiently compensated.

Compensation in USDT

The reimbursement will be provided in Tether (USDT), a stablecoin known for its reliability and stability. The value of the compensation will be calculated based on the rates at 10:00 UTC on October 9. This approach seeks to offer transparency and fairness in the compensation process.

User-Centric Approach

Galxe's initiative underscores its commitment to addressing user concerns proactively. By opting for an automatic refund system, the company minimizes the hassle for users and reinforces its dedication to security and customer satisfaction. This move not only restores financial losses but also aims to rebuild trust within the community.

Conclusion

Galxe's response to the hack highlights its proactive stance in crisis management and user support. The decision to reimburse users above their losses demonstrates a strong commitment to community trust and resilience. Through these efforts, Galxe aims to maintain its reputation and reassure its user base of their security and support.