Thousands of Wallets Compromised in Ongoing Solana-Based Hack

Millions of dollars have been stolen from thousands of wallets by hackers targeting Solana users.

The losses from the more than 7,000 compromised wallets have been shown to be approximately $8 million, according to on-chain data. According to Emin Gun Sirer, founder of Ava Labs, this number is rising at about 20 per minute.

Although the attack vector is still unknown, PeckShield, a prominent blockchain security expert, believes that the hack was likely due to a supply chain issue. This exploited to steal user keys behind the affected wallets. Notably, most of the attackers targeted were inactive for over six months. However, PeckShield, a prominent blockchain security expert, believes the attack vector is unknown. Solana has confirmed the breach and revealed that 7,767 wallets have been affected. Engineers from several ecosystems are working with several security firms to investigate the Solana wallets that have been drained. There is no evidence that hardware wallets have been affected.

As new information becomes available, this thread will be updated.

— Solana Status (@SolanaStatus) August 3, 2022

Slope also confirmed that it is working with Solana Labs, other Solana-based protocols, and teams to resolve the problem.
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