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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. 

Business Today Desk
Business Today Desk
  • Updated Aug 3, 2022 10:15 AM IST
Over $7 mn stolen from Solana-based crypto wallets; probe underway$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, 

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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

Published on: Aug 3, 2022 7:34 AM IST
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