The recent exploit on Solana has led to the theft of upwards of $10 million, with users discovering that their wallets had been hacked.
On August 2nd, numerous users reported significant losses from Phantom, SlopeFinance, and Trust Wallet. The exploit has impacted nearly 8,000 wallets, primarily those operating within the Solana framework. has affected 🚨 Major compromise of Solana's private keys is underway 🚨
Interestingly, the attack seems to have a particular focus on wallets belonging to users who have remained inactive for a lengthy period. Nonetheless, co-founder of Solana Labs, Anatoly Yakovenko, suggested via a Tweet that this incident could be part of an iOS supply chain attack, indicating that several wallets which had received $SOL were caught in the crossfire.
Initially, the hack It seems plausible that this might stem from an iOS supply chain issue. Multiple wallets, which predominantly only received SOL without engaging in other transactions, reported being compromised.
There are indeed verified reports of wallet breaches occurring in non-iOS wallets and extensions!!!
We are actively working alongside other teams to uncover the cause of the reported weaknesses in the Solana ecosystem. At present, the team does not think this problem is specific to Phantom.
As the Web3 landscape gains traction and more individuals begin interacting with cryptocurrency wallets, the instances of targeted attacks and hacking incidents are escalating. In the first half of 2022 alone, hackers swiped away a staggering amount.
On August 2, a cross-chain bridge protocol suffered a massive security breach, leading to losses amounting to $190 million. Back in July, the Discord account for the NFT project EY3KON was also compromised, resulting in NFT collectors losing their precious tokens. $1.97 billion in Web3 assets Curious about creating NFTs on Solana? Check out our comprehensive guide for 2022. Nomad bridge got exploited Want to learn how to buy NFTs on Solana? Here's a beginner's guide for 2022.
Read related posts:
Disclaimer
In line with the Trust Project guidelines Valeria holds a Master's degree in Public Communications and is currently pursuing a second major in International Business Management. In her spare time, she enjoys photography and fashion styling. She launched her first fashion blog at just 13 years old, which cultivated her love for journalism and style.
