Galaxy Fox Hack

TOTAL LOST $330K
Low Other

Summarize with AI

ChatGPT Perplexity Claude Grok
Affected Chain 2024 Incident surface
Recovered - No recovery reported
All-Time Rank #1122 By amount stolen
Protocol Type Exploit/Other Target category

Incident Overview

Quick Summary

On May 10th, Galaxy Fox (GFOX) Token contract was exploited with a hacker's profit of about 330k USD.

Details of the Exploit

On May 10th, the address 0xFcE19F exploited the GFOX token via the unverified exploiter contract 0x86C68d exploited unverified token treasury 0x11A4a57 and was able to withdraw and sell

1,255,219,434 GFOX tokens for about 108.7 ETH.

Block Data Reference

Attacker:

https://etherscan.io/address/0xfce19f8f…c5e454

Attacker contract:

https://etherscan.io/address/0x86c68d9e…9f2aa5

Example of exploit tx:

https://etherscan.io/tx/0x12fe79f1…e751fc

Incident Report

Protocol / Project Galaxy Fox
Date of Incident
Attack Technique Other
Classification Token
Primary Source View Post-Mortem

Protocol Information

Protocol Type Exploit/Other
Affected Token GFOX
Official Website galaxyfox.io/
Protocol Twitter/X @GalaxyFoxToken
Team Anonymous
Source Code Unverified

Market Context at Time of Hack

Token Categories
Ethereum Ecosystem
Protocol Links
Discord Telegram

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Deep understanding of other and Solidity and EVM internals
Capital Required Seed capital to cover gas and initial position setup
On-Chain Access Ability to interact with smart contracts and deploy a custom exploit contract
Protocol Analysis Identification of the exploitable vulnerability in Galaxy Fox's contract logic - root cause: token
Execution Speed Precise transaction ordering and timing to exploit the vulnerability within a single atomic block
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Likely — with a thorough Other audit checklist and test coverage

If you're auditing a protocol with similar architecture to Galaxy Fox, these are the critical security checks that could have prevented this incident (May 2024).

  • Verify all logic paths related to Other are guarded by proper access controls and input validation
  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

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Sources & References

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