It appears that the Solana ecosystem was hacked on Tuesday night. This wiped out Solana tokens (SOL) from a handful of hot wallets. As of today, the details regarding the hacker are not known. According to Blockchain auditor Otter Sec, the hack took place on Trust, Slope and Phantom wallets, wiping out close to 8000 accounts. Users pointed out that the hack occurred on Phantom wallets. However, the company denied this claim and stated “We are working closely alongside other teams to get the bottom of a vulnerability in the Solana environment.” The team stated via Twitter that they don’t believe this is a Phantom-specific problem.
Slope stated that they are working with Solana Labs to resolve this issue and find the root cause via a tweet.
Reports suggest that the hack may have been caused by the disclosure of private keys via a browser extension, which could have led to a compromise.
Otter Sec posted images to Twitter showing hot wallets being compromised. Hot wallets are Crypto wallets that are connected to the internet at any time. These are not exchange wallets. Users were able to initiate and sign transfers for the attacker, suggesting a private key compromise.
Solana currently ranks 9th in Crypto assets with a market cap of $ 13 billion. According to Coinmarket Cap, Solana’s value has fallen by 3.85% in 24 hours.
How to protect your holdings
Wallet Security
Make sure your wallets are safe and don’t share your private keys.
Beware of Scamsters
ZebPay does not ask users to share their information via email, phone or social media. Avoid impersonators who claim to be the company. These transactions may not be covered by insurance.
Scams with free money
Don’t fall for scams promising to increase your wealth. Market assets cannot guarantee returns and Cryptos are not immune to market conditions.
This hack occurred on hot wallets. However, holders of Solana on Crypto Exchanges need not worry. Your Zebpay wallet is safe and secure. Zebpay is committed to customer asset safety and strives to improve Crypto trading experience.
ZebPay was compromised by Solana’s Phantom, Slope and Trust wallets.
Did you miss our previous article…
https://www.goldcoastmoneyonline.com/2nd-august-2022/
