Solana, who has been interrupted several times in the past, is now suffering from a million-dollar hacking attack. The Solana ecosystem seems to be the victim of the latest exploit. More than 8,000 wallets have been compromised so far and the source of the attack is unknown.
Users reported that their funds were withdrawn without their knowledge from their hot wallets, including Phantom, Slope, and TrustWallet.
More than 8,000 Wallets Hijacked in Solana Hack Attack
Twitter was flooded with reports of Solana users noticing that the tokens were suddenly withdrawn from their accounts. According to OtterSec, more than 8,000 wallets have been seized so far in the ongoing attack.
The attacker gained the authority to sign (i.e. initiate and approve) transactions on behalf of users. This suggests that a trusted third-party service may have been compromised in an attack called a supply chain attack.
Although mobile wallet users seem to have been predominantly affected in the attack, no response was found overnight. Blockchain researcher PeckShield stated that the widespread attack was most likely due to a “supply chain issue” used to steal user private keys behind affected wallets. Damage so far is estimated at around $8 million.
At least $5 million worth of SOL, SPL, and other Solana-based tokens were traded in the attacker-unknown hack
A representative of Phantom, the largest Solana hot wallet, spoke on the subject as follows;
“We are evaluating the incident affecting Solana wallets and working closely with other teams in the ecosystem to get to the bottom of it. We will post an update when we collect more information.”
Solana, the fifth largest blockchain by TVL figures, according to DefiLlama, gained popularity last year due to its fast transactions and low fees. Solana’s token SOL fell 4 percent in the hours following the attack.
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