What's Hot

    First Citizens to Buy Silicon Valley Bank

    March 27, 2023

    Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

    March 27, 2023

    Africa Moving to Crypto as Alternative to US Dollar

    March 27, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    The Bull's GazetteThe Bull's Gazette
    Members Area
    • News
      1. Markets
      2. Policy & Economy
      3. Business
      4. Tech
      Featured

      First Citizens to Buy Silicon Valley Bank

      News March 27, 2023
      Recent

      First Citizens to Buy Silicon Valley Bank

      March 27, 2023

      Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

      March 27, 2023

      Africa Moving to Crypto as Alternative to US Dollar

      March 27, 2023
    • Features
      • Opinion
    • Research
      • Publications
      • Market Analysis
      • Contribute
    • Finance & Crypto Guides
    • Consultation
    • Membership
    • Store
    The Bull's GazetteThe Bull's Gazette
    Home»News»Markets»Over 8,000 Solana wallets fall victim to On-going Hack
    Markets

    Over 8,000 Solana wallets fall victim to On-going Hack

    Malicious actors are currently exploiting the Solana ecosystem
    Oussama KarkoutiBy Oussama KarkoutiAugust 3, 2022Updated:August 6, 2022No Comments1 Min Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Over 8,000 Solana wallets have been emptied from an on-going hack with more increasing by the minute.

    Solana Logo

    According to @SolanaStatus on twitter hardware wallet users are safe, with empty wallets under investigation.

    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.

    This thread will be updated as new information becomes available.

    — Solana Status (@SolanaStatus) August 3, 2022
    Solana Status on Twitter

    An exploit allowed a malicious actor to drain funds from a number of wallets on Solana. As of 5am UTC approximately 7,767 wallets have been affected.

    The exploit has affected several wallets, including Slope and Phantom. This appears to have affected both mobile and extension.

    — Solana Status (@SolanaStatus) August 3, 2022
    Solana Status on Twitter

    The Solana team alongside security researchers are still searching for the root cause of the exploit, which is still unknown to this hour.

    There is an active security incident on Solana. Many (7000+ and counting) wallets are drained of SOL & USDC. Don't know root cause yet. Maybe permissions granted to apps. For remediation, send the funds to a cold wallet or CEX like @Binance. https://t.co/nQrBXAgCbf

    — CZ 🔶 Binance (@cz_binance) August 3, 2022
    Changpeng Zhao CEO of Binance on Twitter

    Changpeng Zhao of Binance indicated that Solana users should move their funds into cold storage or a centralized exchange like Binance.

    SolanaStatus confirmed that affected addresses were once created, imported, or used in Slope mobile wallet application.

    Hardware wallet users using Slope were not affected.

    There is currently no evidence of compromise on the Solana protocol and cryptography.

    This hack appears to be limited to Slope mobile wallet users only.

    Cryptocurrency Hack Solana
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleRobinhood lays off quarter of staff amid user decline
    Next Article U.S. Senate Passes Inflation Reduction Act
    Oussama Karkouti
    • Website
    • Facebook
    • Twitter
    • Instagram
    • LinkedIn

    Contributor, Researcher, and Analyst. Interests include tech, blockchain, fundamental analysis and regulations.

    Related Posts

    Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

    March 27, 2023

    Euler Finance Suffers a $200 Million Flash Loan Attack

    March 14, 2023

    Hedera Blockchain Publishes Exploit Report

    March 11, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Top Posts

    New Crypto Mining Bill in Russia Mandates Earnings Reports

    March 10, 2023

    India Pushes Anti-money Laundering Regulation for Crypto Transactions

    March 8, 2023

    Zambia Explore Crypto Regulatory Framework 

    February 20, 2023

    Our best content, straight to your inbox.

    Disclaimer

    Capital at risk. Content on this website does not constitute financial advice. Please do your due diligence before making any investment.

    Company
    Company

    At the forefront of news and analysis for emerging markets, business, crypto and tech - TBG is redefining financial information through resources for next-generation economics.

    Facebook Twitter Instagram LinkedIn TikTok Discord
    Links
    • About
    • Contribute
    • Advertise
    • Careers
    • Membership
    • Investor Relations
    • Frequently Asked Questions

    TBG Newsletter

    © 2023 The Bull's Gazette.
    • Terms and Privacy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.