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news is updating Unknown people stole millions of dollars by gaining access to the funds of Solana-based wallet holders. An exploit allowed a malicious player to withdraw funds
news is updating
Unknown people stole millions of dollars by gaining access to the funds of Solana-based wallet holders.
An exploit allowed a malicious player to withdraw funds from a number of wallets in Solana. As of 05:00 UTC, approximately 7,767 wallets were affected.
The exploit has several wallets affected, including Slope and Phantom. This seems to affect both mobile and extension.
— Solana Status (@SolanaStatus) August 3, 2022
Blockchain auditor OtterSec initially reported that over 5,000 Solana wallets had been emptied within a few hours. The transactions were signed by the owners, which according to the researcher indicates the private key has been compromised.
These transactions are signed by the real owners and indicate some kind of private key compromise. pic.twitter.com/UTMq4NWErd
— OtterSec (@osec_io) August 3, 2022
PeckShield experts tentatively estimated the loss at $8 million.
#PeckShieldWarning The widespread attack on Solana wallets is most likely due to a supply chain issue used to steal/expose user private keys behind the affected wallets. So far, the loss is estimated at $8 million, excluding one illiquid shit coin (he only has 30 holdings and maybe misjudged $570 million) pic.twitter.com/aTGNsTc6d8
— PeckShieldAlert (@PeckShieldAlert) August 3, 2022
According to some reports, wallets that have been inactive for more than six months have suffered the most.
🚨 Compromising the common Solana private key 🚨
— attacker steals both native tokens (SOL) and SPL tokens (USDC)
— Affects wallets that have been inactive for more than 6 months
– both Phantom & Slope wallets reported empty pic.twitter.com/AkZXOGLD0Q— foobar (@0xfoobar) August 3, 2022
The attack affected wallets Trust Wallet, ghost and slope.
At the time of writing, the cause of the hack is unknown. According to preliminary data, the attackers exploited the vulnerability.
Recall that hackers stole about $2 billion from crypto projects in the first half of 2022, according to Atlas VPN.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
