• Market Cap: $1,147,676,533,437.08
  • 24h Vol: $39,203,288,267.76
  • BTC Dominance: 44.73%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Ongoing Solana-based wallet hack has already seen millions drained

Jon Hartney by Jon Hartney
August 3, 2022
in Bitcoin, Blockchain, Business, Market
0

Continued adoption of non-fungible tokens across a variety of industries from video gaming, music, art, and digital

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

NFT marketplace Magic Eden noted that it “seems to be a widespread SOL exploit at play” and called on users to revoke permissions for any suspicious links in their Phantom wallets.

A security vulnerability impacting the Solana ecosystem has reportedly seen millions in funds drained across a number of Solana-based wallets.

At the time of writing, Solana (SOL) is currently trending on Twitter as countless users are either reporting on the hack as it unfolds, or are reporting to have lost funds themselves, warning anyone with Solana-based hot wallets such as Phantom and Slope wallets to move their funds into cold wallets.

Related articles

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

June 8, 2023
Polygon Labs president testifies on democratizing the internet with Web3, blockchains

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

June 8, 2023

IMPORTANT- please retweet and tag @phantom and @solana

1. Many users are claiming they are getting notifications that they are sending tokens to an unknown address

2. Common Denominator is that they have all been @phantom wallets

— Solar Dex (@solar_dex) August 2, 2022

So far both Phantom and Magic Eden have commented on the issue, with wallet provider Phantom noting that it is working with other teams to get to the bottom of the issue, although it says it does not “believe this is a Phantom-specific issue” at this stage.

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.

— Phantom (@phantom) August 3, 2022

Magic Eden confirmed the reports by stating that “seems to be a widespread SOL exploit at play that’s draining wallets throughout the ecosystem” as it called on users to revoke permissions for any suspicious links in their Phantom wallets.

Twitter user @nftpeasant has been following the incident closely, and according to their research via Solscan, around $6 million worth of funds have already been siphoned from Phantom wallets during a 10-minute period on August 2. In one instance it appears a Phantom wallet user had $500,000 worth of USDC drained from their account.

???!!! https://t.co/sBDgxqGyaw

— Matthew Graham (@mattysino) August 2, 2022

Popular scam detective and self-described “on-chain sleuth” @zachxbt also did some digging and revealed to their 274,800 followers that the hackers initially funded the primary wallet associated with this attack via Binance seven months ago.

Related: Solana-based stablecoin NIRV drops 85% following $3.5M exploit

The transaction history shows that the wallet remained dormant until today before the hackers conducted transactions with four different wallets 10 minutes before the attack started.

Scammers wallet funded via Binance 7 months agohttps://t.co/5gQbObcsg4 https://t.co/sco5SPBrne pic.twitter.com/AL6Hm4F3R3

— ZachXBT (@zachxbt) August 3, 2022

At this stage it is unclear if the hack is ongoing, where it originated and if more user funds are still at risk. However in response to @zachxbt’s post, user @cryptojpeg noted that:

“Only 13 txn out of which 3 of those are solana deposit txn and 1 is drain txn So basically one of these 9 txn made the wallet vulnerable to the drain, if it’s not related to something else.”

Cointelegraph has reached out to Phantom for comment on the matter, and will update the story if the firm responds.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

by Jon Hartney
June 8, 2023
0

Enjin chief technology officer Witek Radomski said the new blockchain aims to promote creativity by facilitating the

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

by Jon Hartney
June 8, 2023
0

The US House Committee explores blockchain and Web3’s future as industry leaders testify on democratizing the

US federal court dismisses lawsuit against DeFi platform PoolTogether

US federal court dismisses lawsuit against DeFi platform PoolTogether

by Jon Hartney
June 8, 2023
0

The DeFi community funded the protocol's legal defense through a $14 million nonfungible token sale back in 2022

EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter

EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter

by Jon Hartney
June 8, 2023
0

The largest European consumer rights group alleges crypto marketers on popular social networks use misleading

GameStop fires CEO Matt Furlong months after axing crypto push

GameStop fires CEO Matt Furlong months after axing crypto push

by Jon Hartney
June 8, 2023
0

The executive, once instrumental to the company’s NFT efforts, was “terminated” amid lackluster Q1 earnings

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

June 8, 2023
Polygon Labs president testifies on democratizing the internet with Web3, blockchains

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

June 8, 2023
US federal court dismisses lawsuit against DeFi platform PoolTogether

US federal court dismisses lawsuit against DeFi platform PoolTogether

June 8, 2023
EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter

EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter

June 8, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • NFT platform Enjin forks Polkadot parachain Efinity to new mainnet June 8, 2023
  • Polygon Labs president testifies on democratizing the internet with Web3, blockchains June 8, 2023
  • US federal court dismisses lawsuit against DeFi platform PoolTogether June 8, 2023
  • EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter June 8, 2023
  • GameStop fires CEO Matt Furlong months after axing crypto push June 8, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,443.00-1.30%
  • ethereumEthereum(ETH)$1,844.92-1.64%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$262.95-4.03%
  • usd-coinUSD Coin(USDC)$1.000.07%
  • rippleXRP(XRP)$0.52-1.39%
  • staked-etherLido Staked Ether(STETH)$1,843.39-1.17%
  • cardanoCardano(ADA)$0.326448-4.22%
  • dogecoinDogecoin(DOGE)$0.068029-0.28%
  • solanaSolana(SOL)$18.72-5.98%
  • matic-networkPolygon(MATIC)$0.78-2.42%
  • tronTRON(TRX)$0.077515-0.30%
  • litecoinLitecoin(LTC)$88.12-1.98%
  • polkadotPolkadot(DOT)$5.01-2.31%
  • binance-usdBinance USD(BUSD)$1.00-0.01%
  • avalanche-2Avalanche(AVAX)$13.93-3.42%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.45%
  • daiDai(DAI)$1.00-0.03%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,538.00-0.61%
  • uniswapUniswap(UNI)$4.62-2.08%
  • leo-tokenLEO Token(LEO)$3.52-0.12%
  • chainlinkChainlink(LINK)$5.99-1.98%
  • cosmosCosmos Hub(ATOM)$9.57-3.99%
  • okbOKB(OKB)$44.52-1.47%
  • moneroMonero(XMR)$143.92-1.11%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • ToncoinToncoin(TON)$1.65-0.02%
  • ethereum-classicEthereum Classic(ETC)$16.99-1.18%
  • stellarStellar(XLM)$0.087148-1.87%
  • bitcoin-cashBitcoin Cash(BCH)$111.71-0.53%
  • true-usdTrueUSD(TUSD)$1.00-0.02%
  • lido-daoLido DAO(LDO)$2.18-7.74%
  • internet-computerInternet Computer(ICP)$4.16-3.89%
  • filecoinFilecoin(FIL)$4.13-4.11%
  • quant-networkQuant(QNT)$110.97-4.51%
  • AptosAptos(APT)$7.73-3.51%
  • crypto-com-chainCronos(CRO)$0.059346-0.69%
  • hedera-hashgraphHedera(HBAR)$0.048415-1.88%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • ArbitrumArbitrum(ARB)$1.13-2.97%
  • vechainVeChain(VET)$0.017824-4.16%
  • nearNEAR Protocol(NEAR)$1.41-4.00%
  • apecoinApeCoin(APE)$2.91-2.41%
  • the-graphThe Graph(GRT)$0.113942-2.14%
  • paxos-standardPax Dollar(USDP)$1.000.31%
  • fraxFrax(FRAX)$1.00-0.14%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.890.95%
  • rocket-poolRocket Pool(RPL)$47.46-1.58%
  • the-sandboxThe Sandbox(SAND)$0.487930-4.31%
  • blockstackStacks(STX)$0.660.45%
  • algorandAlgorand(ALGO)$0.123920-7.13%
  • elrond-erd-2MultiversX(EGLD)$35.04-2.89%
  • optimismOptimism(OP)$1.38-2.49%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,982.35-1.45%
  • aaveAave(AAVE)$59.49-3.02%
  • fantomFantom(FTM)$0.292676-2.62%
  • render-tokenRender(RNDR)$2.23-4.67%
  • tezosTezos(XTZ)$0.84-3.47%
  • decentralandDecentraland(MANA)$0.418042-5.54%
  • theta-tokenTheta Network(THETA)$0.76-1.97%
  • usddUSDD(USDD)$1.000.11%
  • axie-infinityAxie Infinity(AXS)$6.24-5.16%
  • immutable-xImmutableX(IMX)$0.72-1.27%
  • BitDAOBitDAO(BIT)$0.483189-1.76%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.820.14%
  • radixRadix(XRD)$0.067175-0.01%
  • havvenSynthetix Network(SNX)$2.12-4.53%
  • Bitget TokenBitget Token(BGB)$0.4828781.60%
  • kucoin-sharesKuCoin(KCS)$6.85-3.10%
  • flowFlow(FLOW)$0.63-4.09%
  • neoNEO(NEO)$9.01-3.12%
  • galaGALA(GALA)$0.026120-2.32%
  • curve-dao-tokenCurve DAO(CRV)$0.76-2.89%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • bitcoin-cash-svBitcoin SV(BSV)$30.36-1.04%
  • terra-lunaTerra Luna Classic(LUNC)$0.000098-0.77%
  • gemini-dollarGemini Dollar(GUSD)$1.000.25%
  • makerMaker(MKR)$629.10-1.10%
  • gatechain-tokenGate(GT)$4.08-0.95%
  • injective-protocolInjective(INJ)$6.88-5.01%
  • kavaKava(KAVA)$0.97-15.08%
  • klay-tokenKlaytn(KLAY)$0.165863-7.34%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • bittorrentBitTorrent(BTT)$0.0000010.11%
  • iotaIOTA(MIOTA)$0.180521-1.51%
  • pax-goldPAX Gold(PAXG)$1,921.27-0.90%
  • casper-networkCasper Network(CSPR)$0.044282-0.54%
  • Tokenize XchangeTokenize Xchange(TKX)$6.13-2.89%
  • compound-ethercETH(CETH)$37.05-0.72%
  • conflux-tokenConflux(CFX)$0.229442-5.66%
  • tether-goldTether Gold(XAUT)$1,946.30-0.47%
  • xdce-crowd-saleXDC Network(XDC)$0.0345693.34%
  • chilizChiliz(CHZ)$0.087554-5.03%
  • PepePepe(PEPE)$0.000001-3.21%
  • huobi-tokenHuobi(HT)$2.84-1.12%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • gmxGMX(GMX)$51.25-2.79%
  • mina-protocolMina Protocol(MINA)$0.489979-2.86%