Friday, February 23, 2024
3.9 C

HomeReportsSolana Wallets Targeted in Latest Multimillion Dollar Hack

Solana Wallets Targeted in Latest Multimillion Dollar Hack

The exploit is targeting unsuspecting Phantom users with loose wallet permissions.

Non-custodial Solana wallet Phantom is the one of the latest victims of an exploit, with users reporting that their funds have been drained without their knowledge.
The suspected wallet of the attacker has so far stolen at least $500,000 in SOL tokens, $1.5 million in SPL tokens and $1 million in NXDF tokens. Other wallets also appear to be targeted.


“We are evaluating the incident impacting Solana wallets and are working closely with other teams in the ecosystem to get to the bottom of this. We will issue an update once we gather more information,” a representative of Phantom told CoinDesk in a statement. “The team doesn’t believe this is a Phantom-specific issue at this time.”
Some users suspect the hack could be related to transactions on Magic Eden’s Solana-based non-fungible token (NFT) marketplace, though the source of the exploit has yet to be confirmed. Magic Eden did not respond to CoinDesk’s request for comment, but tweeted a warning for users to revoke permissions from their wallet to avoid being attacked.


A Trust Wallet and Slope wallet user also reported seeing his USDC drained, including both USDC on Solana and Ethereum.



As per the principles outlined by the Trust Project, Cryptozia remains dedicated to delivering impartial and transparent reporting. This news article is intended to offer precise and punctual information. Nevertheless, it is recommended that readers autonomously corroborate the facts and seek advice from a qualified expert prior to making any decisions reliant on this content.

latest articles

explore more