Galaxy Digital testnet hacked, client funds safe

Galaxy Digital, the crypto financial services firm led by Mike Novogratz, experienced a security breach on its testnet. The unauthorized access was confined to a research and development workspace and did not impact any client funds or sensitive information. Crucially, the firm's trading systems and client accounts remained entirely unaffected by the incident, underscoring the segregation of the compromised environment from live operations. This event highlights the ongoing security challenges within the cryptocurrency sector, even for established players.