The top ten blockchain Solana is attacked by hackers. The attack began last night, August 2, 2022, and dragged on through the morning. According to Solana, almost 8,000 of the 21 million virtual wallets will be affected. Between five and eight million US dollars were stolen (as of 15:45, August 3, 2022).
The virtual wallets Slope and Phantom are particularly affected. Cold-stored wallets and crypto exchanges remained unscathed. Solana recommends that every user immediately transfer their tokens to one of these two alternatives. Here, those affected can contact with the indication of their wallet. This will help to clarify the case.
However, it is not clear whether they will be compensated. The Solana network was created, according to Watcher.Guru was also temporarily paralyzed by a DDoS attack in order to slow down the hack.
UPDATE: Several #Solana RPC nodes are offline after reportedly being DDoS attacked to slow down an ongoing exploit that drained millions of dollars from thousands of users.
– Watcher.Guru (@WatcherGuru) August 3, 2022
There is currently only speculation about the cause. The whole hack is “very strange,” writes Julian Hosp, CEO of Cake DeFi. “Both the attackers and the type of hacking are unknown.”
The solana hack is really strange. Not only is tha attacker unknown, the way of the hack is unknown. From everything I am getting, it seems to be some issue with the cryptography. Either a re-used nonce when signing, or a weak curve?!
– Dr. Julian Hosp (@julianhosp) August 3, 2022
Solana CEO Anatoly Yakovenko believes that a ”supply chain attack” is possible, which affects virtual wallets on Apple and Android phones. In this type of hack, a hacker inserts malicious software into an operating system and extracts information, such as the private key to the virtual wallet.
Seems like an iOS supply chain attack. Multiple plausible wallets that only received sol and had no interactions beyond receiving have been affected. https://t.co/ne0g3ZmLH5
As well as key that were imported into iOS, and generated externally.https://t.co/hStAr1mU6Q
– SMS T◎ly,◎ (@aeyakovenko) August 3, 2022
Emir Gün Siner, CEO of the top 20 blockchain Avalanche, considers another theory most likely. According to them, the hackers may have exploited a bug in Solana’s software.
The team around Solana is working with security experts to investigate the hack. BTC-ECHO has also asked several leading blockchain security companies for a classification. So far, the requests have remained unanswered.
Solana has been struggling with difficulties for months. The network crashed several times this year. Critics see the reason for this in a design flaw. In addition, the company behind the blockchain has to go to court for a class action. The accusation: illegal sale of securities.
