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Millions of dollars gone, thousands of users affected What is known about the mysterious Solana hack

 


The top ten blockchain Solana is being attacked by hackers. The attack began last night, August 2, 2022 and continued throughout the morning . Almost 8,000 of the 21 million virtual wallets are said to be affected, according to Solana. Between five and eight million US dollars were stolen (as of 3:45 p.m., August 3, 2022).


The virtual wallets Slope and Phantom are the most affected. Cold-stored wallets and crypto exchanges were unharmed. Solana recommends every user to immediately transfer their tokens to one of these two alternatives. Those affected can register here with the details of their wallet . This will help solve the case.


However, it is not clear whether they will be compensated. According to Watcher.Guru, the Solana network was also briefly paralyzed by a dDos attack to slow down the hack.


There is currently only speculation about the cause. The whole hack is “very strange,” writes Julian Hosp, CEO of Cake DeFi. "Both the attackers and the nature of the hack are unknown."


Solana CEO Anatoly Yakovenko believes a "supply chain attack" is possible, affecting virtual wallets on Apple and Android phones. In this type of hack, a hacker injects malicious software into an operating system and extracts information, such as the private key to the virtual wallet.



Emir Gün Siner, CEO of the top 20 blockchain Avalanche, thinks another theory is the most likely. According to this, the hackers could have exploited a bug in Solana's software.


Solana's team is working with security experts to solve the hack. 

Solana has been struggling with difficulties for months. The network has crashed several times this year . Critics see the reason for this as a design flaw . The company behind the blockchain is also facing a class action lawsuit . The accusation: illegal sale of securities.

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