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<ul><li><keyword id="1905050" type="General" weightage="100" keywordseo="solana" source="Orion">Solana</keyword> is a high-performance blockchain assisting builders globally to create crypto apps that scale. </li><li>The crypto wallets on <keyword id="14642640" type="General" weightage="20" keywordseo="solana-phantom" source="Orion">Solana- Phantom</keyword>, Software and Trust Wallet were compromised in a security breach on Thursday. </li><li><keyword id="14640012" type="General" weightage="50" keywordseo="slope-finance" source="Orion">Slope Finance</keyword> admitted that a cohort of <keyword id="4153837" type="General" weightage="80" keywordseo="slope" source="Orion">Slope</keyword> wallets were affected in the breach. </li></ul>The multi-million Solana crypto hack, that drained more than 8,000 wallets worth around $8 million, has been linked to accounts tied with the Slope mobile wallet app. Slope Finance said in a statement that a cohort of Slope wallets were compromised in the breach, advising users to create "a new and unique seed phrase wallet, and transfer all assets to this new wallet." "We have some hypotheses as to the nature of the breach, but nothing is yet firm. We feel the community's pain, and we were not immune. Many of our own staff and founders' wallets were drained," the company said late on Thursday. Solana is a high-performance blockchain supporting builders around the world creating crypto apps that scale. Solana said that after an investigation by developers, ecosystem teams, and security auditors, "it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications". This exploit was isolated to one wallet on Solana, and hardware wallets used by Slope remain secure. "While the details of exactly how this occurred are still under investigation, private key information was inadvertently transmitted to an application monitoring service," Solana said in a tweet. There is no evidence the Solana protocol or its cryptography was compromised, it added. The attack affected "hot" wallets which are always connected to the internet, allowing people to store and send tokens easily. The attack also compromised other wallets including <keyword id="46483" type="General" weightage="50" keywordseo="phantom" source="Orion">Phantom</keyword>, <keyword id="14642639" type="General" weightage="50" keywordseo="solflare" source="Orion">Solflare</keyword> and <keyword id="14627644" type="General" weightage="50" keywordseo="trustwallet" source="Orion">TrustWallet</keyword>. Phantom, a Solana-based wallet that hit $1.2 billion in valuation earlier this year, said it's "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," the wallet developer said. The attack on Solana came as cryptocurrency service <keyword id="799630" type="General" weightage="50" keywordseo="nomad" source="Orion">Nomad</keyword> suffered a "chaotic" attack, with hackers draining almost $200 million in digital funds from the company within a few hours. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/meta-rolls-out-nft-support-on-instagram-to-100-countries/articleshow/93362860.cms">Meta rolls out NFT support on Instagram to 100 countries</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/ola-electric-may-finally-introduce-its-first-electric-car-on-august-15/articleshow/93362208.cms">Ola Electric may finally introduce its first electric car on August 15</a>

Solana hack that drained $8 million is linked to the Slope mobile wallet

<ul><li><keyword id="14627643" type="General" weightage="50" keywordseo="blockchain-solana" source="Orion">Blockchain Solana</keyword> was hacked, compromising 8000 crypto wallets and wiping out millions. </li><li><keyword id="1905050" type="General" weightage="100" keywordseo="solana" source="Orion">Solana</keyword> supports builders around the world creating crypto apps. </li><li>The attack has affected "hot" wallets which are always connected to the internet. </li></ul> In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on the <keyword id="14627645" type="General" weightage="50" keywordseo="solana-network" source="Orion">Solana Network</keyword>. However, Blockchain security firm SlowMist claimed more than 8,000 wallets had been drained worth around $8 million. Solana is a high-performance Blockchain supporting builders around the world creating crypto apps that scale today. The attack has affected "hot" wallets which are always connected to the internet, allowing people to store and send tokens easily. "Engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets on Solana. There is no evidence hardware wallets are impacted," said Solana. The exploit has affected several wallets, including <keyword id="4153837" type="General" weightage="50" keywordseo="slope" source="Orion">Slope</keyword> and <keyword id="46483" type="General" weightage="50" keywordseo="phantom" source="Orion">Phantom</keyword>. This appears to have affected both mobile and extension. "There's no evidence hardware wallets have been impacted -- and users are strongly encouraged to use hardware wallets. Do not reuse your seed phrase on a hardware wallet - create a new seed phrase," Solana informed. "Wallets drained should be treated as compromised, and abandoned," it added. The attack also compromised other wallets including Phantom, Slope, Solflare, and <keyword id="14627644" type="General" weightage="50" keywordseo="trustwallet" source="Orion">TrustWallet</keyword>. Phantom, a Solana-based wallet that hit $1.2 billion in valuation earlier this year, said it's "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," the wallet developer said. This could be a "supply chain attack" that manages to steal users' private keys. The attack on Solana came as cryptocurrency service <keyword id="799630" type="General" weightage="50" keywordseo="nomad" source="Orion">Nomad</keyword> suffered a "chaotic" attack, with hackers draining almost $200 million in digital funds from the company within a few hours. Inputs from IANS

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Solana hack that drained $8 million is linked to the Slope mobile wallet

IANS

Solana Hack: 8000 crypto wallets compromised, millions wiped out

Eetika Kapoor

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