Hackers targeted the Solana ecosystem on Wednesday, affecting thousands of wallets in the latest hit to the cryptocurrency market, just days after bridge protocol Nomad was attacked earlier in the week. So far more than 8,000 internet-connected hot wallets have been compromised, however, the source of the attack is unknown.
While the total value of the stolen property was not clear, four solana According to security firm PeckShield, the wallet addresses siphoned off nearly $8 million from victims, according to a Bloomberg report.
Changpeng “CZ” Zhao, chief executive officer (CEO) of crypto exchange Binance, said on Twitter that more than 8,000 wallets have been affected, with a security incident removing them from their SOL tokens and USDC stablecoins.
“There is an active security incident on Solana. Many (7000+ and counting) wallets have exited SOL and USDC. Don’t know the root cause yet. The apps may have been allowed,” Zhao said on Twitter.
Solana’s token SOL is down 7% over the past 24 hours to $38.4, its lowest price in a week. “Solana is a new blockchain backed by its own token that acts as a gas to confirm transactions on that blockchain. There have been several hacks on wallets that support this token. A recent successful one The effort drained about USD 560 million worth of Solana from various user wallets and it has sent shudder to the Solana ecosystem. Part of the reaction is the decreased price of the token,” said Satwik Viswanath, Co-Founder and CEO of Unocoin. Told.
Solana’s crisis has come when Nomad suffered a loss of about $ 200 million in a security exploit on Monday. According to a June report by forensics firm Elliptic, more than $1 billion has already been stolen from bridges in 2022.
Solana is an open-source project that banks on the permissionless nature of blockchain technology to provide decentralized finance (DeFi) solutions. According to CoinGecko, end-user applications in the Solana ecosystem include decentralized finance (DeFi), non-fungible tokens (NFTs), markets, games, e-commerce, and more.
solana top 10 cryptocurrency According to CoinGecko, the asset in terms of market cap, however, is sharply down from its record high of $259.96 in November, 2021.
(with inputs from Bloomberg)
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