That Solana SOL/USD Blockchain appears to be facing an ongoing exploit that has compromised users’ private wallets across the ecosystem.
What happened: On Tuesday, market participants reported a “potentially massive” hack on Solana.
Users’ crypto assets were stolen from and then transferred to a variety of accounts wallet address.
Big news – @solana chop!
In some unknown way, scammers are retreating $SOL from the wallets of regular users now!
The amount of stolen funds currently exceeds $5 million. I recommend unlinking your wallet from all websites so they don’t have access to your assets! pic.twitter.com/NVI5ULeCdB
— CIA officer (@officer_cia) August 2, 2022
Widespread compromise of Solana private keys
– Attacker steals both native tokens (SOL) and SPL tokens (USDC)
– Impact on wallets that have been inactive for >6 months
– Both phantom and slope wallets have reportedly been emptied pic.twitter.com/AkZXOGLD0Q— foobar (@0xfoobar) August 3, 2022
“The solution is to transfer assets to a wallet that has never exposed a private key to potentially vulnerable browser extensions,” wrote DeFi verifier foobar on Twitter.
For less experienced users, transferring assets from a SOL wallet to a reliable central exchange would also be a viable strategy, he noted.
At the time of writing, the actual cause of the exploit was unknown and the Solana team had not posted an update on social media.
On-chain data showed that over $5 million worth of user funds have been drained from private wallets so far, with the list of victims exceeding 6,000.
Price promotion: At press time, SOL was trading at $38.04, down 6.4% in 24 hours.
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