SOL, the native token of the Solana network, dropped following reports that thousands of wallets have been drained in apparently still ongoing attack.
Per blockchain auditor OtterSec, over 5,000 Solana wallets have been drained in the past few hours.
"This affects multiple wallets - Phantom, Slope, Solflare, TrustWallet - across a wide variety of platforms. FOR USERS, please move your assets to a hardware ledger or a centralized exchange," the firm said, adding that "there's also been evidence of this issue affecting ETH users, although it seems less widespread."
However, other industry players report that the number of affected wallets has already surpassed 7,000.
At 03:52 UTC, SOL trades at USD 38.69, somewhat recovering from USD 38.06 it reached earlier today. The price is down 4% in a day.
The team behind Solana said that engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets on Solana.
"There is no evidence hardware...
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