Galaxy Digital confirms minor security breach in test environment

Galaxy Digital, a firm linking traditional finance with the crypto sector, has confirmed a security breach in one of its test environments. The incident did not impact client funds or sensitive data, with the company stressing that all core services remain unaffected. Less than $10,000 in test funds was lost during the attack.

The breach occurred in an isolated research and development workspace, separate from Galaxy Digital's live systems. The affected environment was a testnet, meaning it had no connection to the company's main infrastructure or client operations.

Galaxy Digital detected the intrusion swiftly and took immediate steps to secure the compromised area. An ongoing review is examining how the breach happened, with further updates expected as the investigation progresses. The firm operates across multiple sectors, including trading, asset management, lending, and crypto mining. Despite the incident, all trading platforms and client services continue to function normally.

No customer accounts or funds were ever at risk during the breach. The company has confirmed that the financial impact was minimal, with losses limited to test funds. Galaxy Digital will provide additional details once the internal review is complete.