Solana Wallet Hack: An Estimated $8million Was Stolen From 8,000 Solana Wallets

The Solana Twitter account recently posted a report on an 8 million dollar hack that occurred early on Tuesday morning, August 2nd, 2022, affecting 8000 wallets.

Solana coin, one of the most popular cryptocurrencies with a large and active community, is the latest victim of a crypto theft, with users alleging that funds from their wallets have been taken.

Engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets on Solana. There is no evidence hardware wallets are impacted.

This thread will be updated as new information becomes available.

— Solana Status (@SolanaStatus) August 3, 2022

Approximately 7,767 wallets have been compromised by the hacker, which affected both mobile and extension wallets. Users who had been affected were advised to construct a new seed phrase rather than relying on their old one for security.

If your wallet was one of the 7,767 impacted please complete this survey – engineers are investigating the root cause https://t.co/XvvipCMtGY

— Solana Status (@SolanaStatus) August 3, 2022

Victims of the breach were asked to fill out a survey in order for engineers to discover the cause of the attack.

 

Was Solana’s Data Hacked?

There were around 8,000 Solana wallets that were compromised in this hack by an unidentified user. Due to the fact that the victim’s wallet was online and hence accessible by the hacker, an estimated $8 million in solana was stolen in this attack.

“Emin Gün Sirer,” a cryptocurrency industry leader, claimed that a “Supply Chain Attack” tool was utilized by the hackers to gain access to the victims’ wallets. The private keys of users are stolen by this program.