Solana Ecosystem Suffers From Hack That Loots Hundreds of thousands Of Cryptocurrencies From 8,000 Scorching Wallets

Hackers targeted the Solana ecosystem, draining cryptocurrency funds from thousands of “hot” wallets connected to the Internet. Such attacks are common among blockchain platforms, but the news is still significant as Solana has been praised as one of the fastest and cheapest ecosystems for trading digital assets.

It appears that hackers may have stolen both the Solana cryptocurrency (SOL) and some compatible with the Solana blockchain, such as the stablecoin USD Coin (USDC). As the attack continues, the value of the stolen property is unclear, but reports from independent analysts and for security firms such as PeckShield estimated that the losses reach as much as 8 million

Solana has dealt with security incidents in the past, including but spam and reported DDOS attacks. Meanwhile, it also accepts deposits Bag for phone which is said to launch next year with support for the network’s decentralized applications.

Solana’s official Twitter account now says The attack appears to have affected around 8,000 (up from 7,767 previously) wallets, including those operated by third parties Phantom and Slope. The company did not explain the cause of the attack, but noted that there is no evidence that hardware wallets (not connected to the Internet) were affected.

The company’s status update on Twitter said: “This appears to be a bug not in Solana’s core code, but in the software used by several software wallets popular with network users.”

But on Twitter, Solana founder Anatoly Yakovenko went into a bit more detail and hinted at a hack. looked like a supply chain attack applied to both iOS and Android apps (meaning attackers exploited some weakness in connected apps or browser extensions). How Decipher reports, transactions are signed using users’ private keys, indicating that the attackers somehow compromised the passphrase used to secure their wallets.

Updated Aug. 2, 9:35 a.m. ET: Added the latest Solana updates.

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