December 11, 2023

Hackers hacked about 8,000 Solana-based wallets and withdrew millions of dollars

Hackers hacked about 8,000 Solana-based wallets and withdrew millions of dollars

Unknown persons gained access to the funds of Solana-based wallet owners, stealing millions of dollars.

Initially, blockchain auditor OtterSec reported emptying more than 5,000 wallets in a few hours.The transactions were signed by the owners, which, according to the researcher, suggests that the private key has been compromised. 

PeckShield specialists tentatively estimated the loss at $8 million.

Elliptic estimates that during the attack, the hackers stole over $5.2 million in SOL tokens, over 300 Solana-based coins, and NFTs.

According to some reports, wallets that were inactive for more than six months suffered the most.

The attack affected Trust Wallet, Phantom, and Slope.In Solana, users were urged to transfer funds to hardware devices.Binance CEO Changpeng Zhao also advised sending assets to cold wallets or centralized exchanges.

At the time of writing, the reason for the hack is unknown. According to preliminary data, attackers exploited the vulnerability.

According to CoinGecko, the SOL token sank 4.6% amid the news of the hack.

Recall, according to Atlas VPN, in the first half of 2022, hackers stole almost $2 billion from crypto projects.

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