No products in the cart.
- Latest
- Trending
ADVERTISEMENT
The cryptocurrency ecosystem has been rocked by widespread exploits targeting the Solana wallet, ongoing since August 3rd. His two Solana-based wallet services, Phantom and Slope, were among the first to flag the attack on social media platforms, alongside numerous cryptocurrency influencers. Blockchain analysis and security firms and victims of the hack continued to unfold.
A handful of commentators pointed out that transactions were legally signed on-chain, giving attackers access to users’ private keys. His CEO and founder of Ava Labs, Emin Gun Sirer, estimated that more than 7,000 wallets were affected, a number cited by various other individuals and businesses online.
As investigations began to unravel the root cause that allowed attackers to loot thousands of wallets, affected users accepted help from individuals online who claimed to have the solution to the hack. Heidi Chakos, host of YouTube channel Crypto Tips, emphasized that scammers are trying to exploit the ongoing situation.
Do not interact with anyone who contacts you with this SOLANA hack solution.they are scammers
Heidi (@blockchainchick) August 3, 2022
Solana Status has provided an update since the exploit began, noting that 7,767 wallets were affected as of 5am UTC on August 3rd. Several wallets were affected across mobile and browser extensions.
There is no evidence that hardware wallets were affected. Users are strongly advised to use hardware wallets.
Do not reuse seed phrases on hardware wallets. Please create a new seed phrase.
Drained wallets should be treated as compromised and abandoned.
Solana Status (@SolanaStatus) August 3, 2022
Solana emphasized that users move funds to cold storage and create new seed phrases, but owners of nearly 8,000 emptied wallets “treat these as compromised and abandon them.” I was told to.
Engineers from multiple ecosystems are investigating the root cause of the incident with the help of security firms. Users affected by the exploit offer Compromised wallet addresses will be sent to the Solana Foundation to assist with the investigation.
Cointelegraph reached out to Solana for the latest figures on the number of wallets affected by the exploit. It is also unclear if funds will be recovered or refunded in the affected wallets after the incident.
