Private keys were the focus of the most recent widespread attack on Solana, but it is yet unknown how much harm was done.
Millions of dollars have been stolen from thousands of wallets by the hackers who specifically targeted Solana users.
According to on-chain data, over 7,000 compromised wallets have resulted in losses that are currently estimated to be worth $8 million. Emin Gun Sirer, the CEO and founder of Ava Labs, estimates that this number has been increasing at a rate of about 20 each minute.
Although the attack method is still unknown, renowned blockchain security specialist PeckShield speculates that the breach may have been caused by a “supply chain flaw” that was exploited to obtain user private keys from behind compromised wallets.
From hot wallets, the hacker was able to steal both native tokens (SOL) and SPL (USDC). It’s noteworthy that the bulk of the people who were targeted haven’t done anything for over six months.
Hot wallets with a Solana base, like Phantom and Slope, have been attacked, and users have been advised to move their money to offline cold wallets by specialists.
Zachxbt, an anonymous blockchain investigator, noticed that the hacker’s wallet had been financed by Binance seven months prior.
Additionally, it was dormant prior to the attack, and the hacker utilized four separate wallets about 10 minutes beforehand.
Solana acknowledged the hack and disclosed that it has affected 7,767 wallets.
In order to resolve the problem, Slope has additionally said that it is actively collaborating with Solana Labs and other Solana-based protocols and teams.
