Overview

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An attacker targeting the solana cryptocurrency ecosystem drained funds from thousands of wallets in an incident that could draw increased regulatory scrutiny to digital The Solana attack comes just hours after malicious actors abused a “chaotic” security exploit to steal almost $200 million in digital assets from cross-chain messaging Thousands of Solana wallets have been drained in a new attackand estimates suggest over $5.2 million has been stolen so far. According to the blockchain intelligence firm Elliptic, almost An unknown attacker drained thousands of wallets containing at least $4 million worth of Solana and USDC late Tuesday night. The hack, which was still ongoing at $8 million in funds have been drained this Wednesday at 5 AM UTC in a widespread attack targeting 7,767 wallets on the Solana network, a number that is rising by On August 2nd at pm UTC, a hacker or group of hackers started to exploit multiple SOL users wallets including Slope wallet, Phantom and Trust Wallet. However, the issue is believed In yet another crypto exploit, around 8,000 Solana wallets have been targeted by an unknown malicious party and drained overnight. The exploit took place on Tuesday An overnight attack on the Solana blockchain platform drained thousands of software wallets of cryptocurrency worth millions of U.S. dollars.

Solana Wallets Under Attack: $8 Million Exploited in Hours, Over 8,000 Wallets Affected

A massive attack on the Solana cryptocurrency ecosystem has resulted in the draining of millions from thousands of wallets. The Solana attack, reminiscent of recent high-profile exploits, is raising serious concerns about security and potentially drawing increased regulatory scrutiny to the digital asset space.

Millions Stolen from Solana Wallets

An overnight attack targeting Solana wallets saw an unknown attacker draining funds from thousands of wallets. Initial estimates suggested over $5.2 million was stolen, but reports indicate the total losses have now surpassed $8 million. Blockchain intelligence firm Elliptic estimates a significant sum was pilfered, and the number is still rising.

Scope of the Solana Exploit: Thousands of Wallets Targeted

The widespread attack, ongoing as of Wednesday at 5 AM UTC, targeted 7,767 wallets on the Solana network, a number that continues to increase. In total around 8,000 Solana wallets have been targeted by an unknown malicious party and drained overnight.

Which Solana Wallets Were Affected?

The exploit, which began on August 2nd at pm UTC, affected multiple SOL users wallets including Slope wallet, Phantom and Trust Wallet. However, the root cause is still under investigation, but the issue is believed to be linked to private key compromise.

Solana Faces Scrutiny Following Multi-Million Dollar Hack

This attack follows a recent incident where malicious actors exploited a “chaotic” security vulnerability to steal almost $200 million in digital assets from cross-chain messaging. With millions lost in this latest Solana exploit, the cryptocurrency platform is facing intense scrutiny and pressure to enhance its security measures.