More than 8 thousand wallets have been compromised, the total losses exceed $8 million. Users are advisedtransfer funds to a cold wallet and do not follow suspicious links. In 10 hours, SOL has lost 7% in price, the attack continues.
Image Source: Cryptocurrency ExchangeStormGain
At the moment it is not clear exactly whathow the perpetrator acted. First of all, hot wallets Phantom and Slope are at risk, users report on social networks. The hacker was able to sign transactions on behalf of the owners, this could have happened as a result of an attack on the supply chain of a trusted third-party service.
The Phantom team assures that the problem is unlikely to be related to the security of their wallet.
Image Source: twitter.com/phantom
A user named Paladin indicates thatthe problem is either with Phantom or with the popular NFT platform Magic Eden, also based on Solana. In the first 10 minutes, the attacker withdrew $6 million, the largest loss from one address was $500,000 in USDC.
Another user under the nickname ZachXBT said that the attack was planned in advance, since the wallet associated with it remained inactive for 7 months after the initial funding.
Image source: twitter.com/zachxbt
Since there is no official answer yet,one can only guess how the hack occurred. In general, the situation for the “Ethereum killer” is negative, especially if a vulnerability is discovered in the popular Phantom wallet.
Image Source:cointelegraph.com
Solana among its peers is considered by a number of analytical agencies to be the most decentralized, however, frequent failures and recent hacks can lead to the network dropping out of the TOP-10 rating.
Analytical group StormGain
(platform for trading, exchanging and storing cryptocurrency)
