Overview

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Following the recent news that more than 9,000 hot wallets holding Solana cryptocurrency (SOL) were compromised, the developers of this particular blockchain are now Web3 wallet provider Slope has been connected to the recent hack of Solana-based wallets. As the dust settles from yesterday’s Solana ecosystem mayhem, data Solana developers say affected addresses in Tuesday night’s hack “were at one point created, imported, or used in Slope mobile wallet applications.” Slope has confirmed If you are a user of Slope, or have ever previously imported seed phrases into Slope, your wallet may be compromised. Please take the steps outlined in the Mitigation

Solana Hack: Slope Wallets Compromised - No Network Breach, But User Funds at Risk

Following the recent news that more than 9,000 hot wallets holding Solana cryptocurrency (SOL) were compromised, the developers of this particular blockchain are working to understand the root cause and assist affected users. While initial reports sparked fears of a broader Solana network vulnerability, investigations have clarified that the issue is not a network breach, but rather a targeted compromise of Slope wallets.

Slope Wallets Linked to Solana Hack

Web3 wallet provider Slope has been connected to the recent hack of Solana-based wallets. As the dust settles from yesterday’s Solana ecosystem mayhem, data points strongly suggest a link between Slope wallets and the widespread exploit. Solana developers say affected addresses in Tuesday night’s hack “were at one point created, imported, or used in Slope mobile wallet applications.”

Slope Confirms Potential Compromise

Slope has confirmed the connection and is actively investigating the matter. They are urging users to take immediate action to protect their assets. If you are a user of Slope, or have ever previously imported seed phrases into Slope, your wallet may be compromised.

Immediate Action Required: Mitigation Steps

Please take the steps outlined in the Mitigation section below to secure your Solana funds. It is crucial to move your SOL and other Solana-based tokens to a new, secure wallet that has never interacted with Slope. Do not import your existing Slope seed phrase into any other wallet.

Mitigation (Example - Replace with Actual Mitigation Steps)

  • Create a new Solana wallet with a reputable provider (e.g., Phantom, Solflare) using a completely new seed phrase.
  • Transfer all SOL and other tokens from your potentially compromised Slope wallet to the new wallet.
  • Revoke any token approvals associated with your old wallet.
  • Consider using a hardware wallet for enhanced security.

Key Takeaways:

  • The Solana network itself was not breached.
  • The compromise appears limited to users of Slope wallets.
  • Immediate action is required to protect your funds if you have ever used Slope.

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