⚠️ ALERT: $2.23 MILLION drained from Arcus DEX after accounting bug allows exploiter to inflate account balance
Arcus DEX suffered a $2.23 million exploit on November 9 after an accounting bug allowed a newly created account to record a balance far larger than its actual holdings and withdraw funds it never owned.
The exploiter also attempted to withdraw another $3 million, but the bridge's on-chain rate limit blocked the payouts before they were processed.
Arcus detected and fixed the vulnerability within roughly 90 minutes, blocked the exploiter's addresses and temporarily paused withdrawals.
The company has since covered the entire $2.23 million shortfall from its treasury, stating that no other user balances, positions or orders were affected.
The stolen funds are being tracked on-chain, with Arcus coordinating with blockchain investigators and law enforcement to pursue recovery.
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Galxe Quest, Galxe ID, Galxe Passport, and related services are shutting down.
📅December 15: Final deadline to claim rewards. The website becomes read-only.
Galxe is consolidating its team and brand under Gravity to accelerate the development and adoption of Gravity L1.
Over the past five-plus years, we’ve helped pioneer Web3 questing and given projects new ways to connect with users and build communities. We’ve served 36 million users and supported more than 7,700 partner projects through campaigns, credentials, and loyalty programs, helping people discover new projects, contribute to their ecosystems, and earn recognition and rewards. We’re bringing that experience and the relationships built along the way into our work on Gravity.
As part of this consolidation, we will wind down Galxe Quest, Galxe ID, Galxe Passport, and related services. Gravity will continue operating as usual, with no changes to the G token as part of this transition.
Starting today, Spaces can no longer create new campaigns. New Galxe+ and Galxe Score subscriptions and Galxe Passport minting are also no longer available.
December 5, 2026, will be the last day to participate in campaigns. No campaigns will remain active after that date. On December 15, 2026, campaign reward claims will close, and the entire Galxe website will switch to read-only mode. Please claim any outstanding campaign rewards before December 15.
User assets remain safe, including Smart Savings balances, staked G that has not yet been withdrawn, and G tokens held in wallets on Gravity Alpha Mainnet. These assets will follow a separate claim process and timeline. We will publish the details and instructions in a follow-up announcement on our official X.
Thank you to the users, builders, and partners who helped shape Galxe. We look forward to continuing to build with you on Gravity.