The Solana smart contract project is suffering from issues once again after it was discovered that close to 8,000 Solana-based wallets have been compromised. Solana is asking victimized wallet owners to complete a survey and the team stressed that “engineers are investigating the root cause.”
Solana Investigates Massive Wallet Exploit, Root Cause of the Hack Is Still Unknown
After the chain had halted on a few occasions in the past, Solana users are now dealing with an extensive wallet vulnerability that affected specific wallet software such as Phantom and Slope. Solana developers and victims discovered the exploit on Tuesday evening (EST) and the hacker’s method of attack is currently unknown.
The blockchain security firm Peckshield noted that it’s possible the exploit stemmed from a supply chain attack. Solana Labs co-founder and CEO Anatoly Yakovenko also stated that the exploit likely derived from a supply chain attack.
“Seems like an iOS supply chain attack. Multiple plausible wallets that only received sol and had no interactions beyond receiving have been affected,” Yakovenko wrote. “Android seems to be affected as well. All the confirmed stories so far have had the key imported or generated on mobile. Most of the reports are Slope, but a few Phantom users as well,” the Solana Labs CEO added.
Solana is suffering an exploit, which has drained millions from multiple wallets.
Cause of SOL exploit is still unknown. pic.twitter.com/uvoUO8yNlO
— Hector Lopez (@hlopez_) August 3, 2022
Presently, the amount of stolen funds from the hack is also unknown, as the security firm Anchain estimated the hack to be around $5 million, and Peckshield’s estimate was around $8 million. The Solana Status Twitter account explained what the Solana
