Over $7 mn stolen from Solana-based crypto wallets; probe underway
Solana blockchain based crypto wallets are facing an ongoing exploit with over 7 million dollars stolen from Phantom and Slope wallets so far.
- Aug 3, 2022,
- Updated Aug 3, 2022 10:15 AM IST
Solana based crypto wallets are facing an ongoing exploit with over 7 million dollars stolen from Phantom and Slope wallets so far.
Phantom and Slope are non-custodial cryptocurrency wallets. Users of these crypto wallet took to Twitter and other social media sites to report about this exploit.
Phantom also released a statement about the same on Wednesday morning. They said, “We are working closely with other teams to get to the bottom of a reported vulnerability in the Solana ecosystem. At this time, the team does not believe this is a Phantom-specific issue.
As soon as we gather more information, we will issue an update.”
The crypto wallet also took to Twitter to clarify their position on the hack. They tweeted:
Slope also released a statement about the hack. They tweeted,
Several Solana RPC nodes are offline after the DDoS attack. This was done to slow down the ongoing exploit.
(This is a developing story and will be updated.)
Also Read: Crypto markets in red; Polkadot, Matic, Solana witness downtrend - BusinessToday
Also Read: Ethereum zooms 60% in a month; will the rally continue after the merge? - BusinessToday
Solana based crypto wallets are facing an ongoing exploit with over 7 million dollars stolen from Phantom and Slope wallets so far.
Phantom and Slope are non-custodial cryptocurrency wallets. Users of these crypto wallet took to Twitter and other social media sites to report about this exploit.
Phantom also released a statement about the same on Wednesday morning. They said, “We are working closely with other teams to get to the bottom of a reported vulnerability in the Solana ecosystem. At this time, the team does not believe this is a Phantom-specific issue.
As soon as we gather more information, we will issue an update.”
The crypto wallet also took to Twitter to clarify their position on the hack. They tweeted:
Slope also released a statement about the hack. They tweeted,
Several Solana RPC nodes are offline after the DDoS attack. This was done to slow down the ongoing exploit.
(This is a developing story and will be updated.)
Also Read: Crypto markets in red; Polkadot, Matic, Solana witness downtrend - BusinessToday
Also Read: Ethereum zooms 60% in a month; will the rally continue after the merge? - BusinessToday