The Solana ecosystem has been hit by hack draining wallets of millions in crypto. Thousands of “hot” wallets or software wallets connected to the internet are affected by this incident.
- Early Wednesday, an unknown attacker drained at least $5 million of SOL, SPL and other Solana-based tokens from the Solana digital wallets.
- Over 8,000 Solana wallets have been affected by the hack.
- The attack has affected internet-connected mobile wallets on iOS and Android.
- Solana mobile wallet Slope is fingered for the major network attack.
- In a statement issued by Slope, they admitted that some of its wallets were breached.
Slope statement regarding the breach situation:https://t.co/IhSw4LSVOT
— Slope (@slope_finance) August 3, 2022
- Co-founder of Solana Labs suggested users to move all the assets to a non-Slope wallet immediately. He also added that even if the hack didn’t drained anything in their wallets, users’ seed phrase is possibly leaked.
If you have ever imported a seed phrase into slope, consider it compromized. Move all the assets to a new non slope wallet. Even if the attack didn’t claim those tokens yet, the phrase is leaked. Just a matter of time https://t.co/pCBx8jRwcO
— SMS aey.sol, 🇺🇸 (@aeyakovenko) August 3, 2022
- Solana price dipped a little after the incident, but price is recovering. As of August 4, 2022 – 12:00 PHT, Solana price is at $39.45.
- Hardware crypto wallet Ledger shared that the exploit did not affect Ledger Solana wallets connected to Phantom, as their private keys are stored offline.
We’re saddened to see that there has been an exploit in the ecosystem leading to private keys being compromised.
This exploit doesn’t affect Ledger Solana wallets connected to Phantom, as these private keys are device-generated and stored offline. https://t.co/Rt5Ws9szxk
— Ledger (@Ledger) August 3, 2022
- Solana, Phantom, and Slope have revealed that they are investigating the exploit and will provide further information soon.