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Over $7 mn stolen from Solana-based crypto wallets; probe underway

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. 

$7 mn stolen from Solana-based crypto wallets Phantom and Slope $7 mn stolen from Solana-based crypto wallets Phantom and Slope

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.)

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