It’s another day with another crypto hack as thousands of Solana wallets are currently under the suspected “supply chain” attack, could it be that the crypto hack could not be stopped?
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Hackers Target Solana Users
In order to be safe from the ongoing wallets attack, Solana users are advised to move their funds from their Solana wallets to another wallet.
According to a report, several Solana wallets have been drained and as it stands, more than 8,000 wallets have been attacked by hackers as Solana users said their funds have been removed from their wallets without their involvement, currently, over $7 million worth of SOL, SPL, and other tokens have been drained out of users wallets.
In the attack, the hackers orchestrated a lot of private keys exploits and stole Solana native tokens (SOL) and SPL tokens(USDC) from hot wallets.
Many of the wallets that fell victim to the attack have been inactive for over 6 months, and along with SOL, the likes of Phantom and slope wallets holders have suffered from the attack.
Currently, the direct cause of the exploit is unknown, but a Twitter user foolbar says it might have been an upstream dependency supply chain attack.
Foolbar advised Solana holders that the only viable option for them is to move their funds to an offline cold hard wallet.
To read about Solana and its entire ecosystem, visit MyCryptoParadise blog.
Meanwhile, the crypto community is still recovering from the recent attack on Nomad Bridge, an attack that happened on August 2, Solana wallets attack is the second crypto attack since setting foot in August.
Solana Reacts
In response to the attack, Solana took to Twitter to confirm the attack and said it is investigating the event.
“Engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets on Solana. There is no evidence hardware wallets are impacted,” Solana said on Twitter late Tuesday.
“Users are strongly encouraged to use hardware wallets. Do not re-use your seed phrase on a hardware wallet. Create a new seed phrase. Wallets drained should be treated as compromised, and abandoned,” the company added.
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