Solana again victim of hacking!

ūüĎČ Update¬†: a few hours after the event, Solana Labs declares that the network was not at fault in this hack.¬†To learn more,¬†see our latest article on this subject¬†.

New case of suspected hack on the Solana blockchain. This time, it looks like the hack is affecting Phantom and Slope users. Amount of the hack? About 8 million dollars according to the first estimates.

More than 8 million dollars stolen!

As is often the case, the alert came from Twitter. Since yesterday, many users report hacks of which they are victims. Warning messages to transfer funds from Phantom and/or Slope wallets to cold wallets are increasing.

Yesterday,¬†the Twitter investigator PeckShield¬†highlighted that the hack was probably due to¬†a flaw in the ‚Äúsupply chain‚Ä̬†.¬†A flaw that was exploited by hackers who managed to steal hundreds of private keys.¬†According to his estimate, 8 million dollars would have been stolen following this new hack.¬†The Twitter account @nftpeasant estimated the amount of losses at 6 million on the Phantom wallets alone.¬†To steal the sum, it only took the hacker(s) about ten minutes.¬†As shown by the Twitter user, a Phantom user allegedly lost over $500,000 in USDC as a result of the hack.

In the turmoil, Phantom also reacted to this hack by stating that it is actively working on the problem. However, the statement from the crypto firm clarifies that this is unlikely to be a Phantom-specific issue.

Solana again victim of a hack!

Slope said he is currently working with¬†Solana Labs¬†and other Solana-based protocols to identify the issue and address it.¬†The protocol nevertheless considers that there would be ‚Äúno major breakthrough‚ÄĚ.¬†Meanwhile,¬†NFT platform¬†Magic Eden called on users to revoke permissions for any suspicious links within their Phantom wallets.

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If the hack seems very real, difficult to attribute the errors to any actor. Lack of security within a protocol? New flaw in the Solana blockchain? Liability issues remain entirely open.

A wallet funded via Binance?

Contrary to what we sometimes hear, the blockchain ultimately offers more transparency than any other means of payment.¬†By tracing the operations, ‚Äúscam detective‚ÄĚ @zachxbt was able to highlight that the hackers funded the main wallet linked to yesterday‚Äôs attack, via the¬†Binance platform¬†.¬†The offending portfolio had already been funded 7 months ago.

As Twittos shows, the transaction history remained blank until the day of the attack. 10 minutes before this, the hackers carried out transactions using 4 separate wallets.

The number of hacked wallets is also debated. According to data from Mist Track, nearly 8,000 separate wallets were affected. The founder of Ava Labs estimates for his part that this number would be closer to 7,000. But it was increasing by about 20 per minute at the time of publishing the estimate. It would seem that the transactions are correctly signed, which would support the hypothesis of full access to the users’ private keys. For Phantom or Slope users, caution is still in order!

Solana very impacted by hacking and network failures!

Often put forward as one of the most credible Ethereum Killers, the Solana network is struggling to find stability. As evidenced by the numerous network failures or even certain hacks. At the start of the year, the blockchain suffered a very large hack: $321 million, following the hack of Wormhole , the bridge token linking Solana to Ethereum.

If confirmed, this new hack could have significant consequences for the Solana project.

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Either way, the news is already impacting the markets. The price of the SOL has thus lost more than 2.15% over the past 24 hours, in a bullish market context (+ 3%).

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