New reports are indicating that the Solana blockchain ecosystem, the fifth largest blockchain on Earth by total value locked (TVL), has been the victim of an attack by an unknown malicious actor.
The attack is apparently still ongoing and over 8000 “hot” crypto wallets have been compromised so far amounting to at least $5-million worth of stolen SOL, SPL, and other Solana-based crypto tokens, according to CoinDesk.
some exploit either with @phantom or @MagicEden, drained 6mil in like 10 mins literally every phantom wallet getting compromised, not sure if any other wallets too pic.twitter.com/dVtksoMeye
— Paladin (@nftpeasant) August 2, 2022
Currently, the cause of the attack remains unclear. Some reports indicate that several engineers from other ecosystems have found that an exploit on the Phantom or Magic Eden platforms allowed a malicious actor to drain funds from thousands of digital wallets on the blockchain, affecting both mobile and extension wallets.
Engineers are currently...
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