Ongoing solana attack targets thousands of crypto wallets, costing users more than $5 million so far
Summary
The Twitter account Solana Status confirmed the attack, noting that as of Wednesday morning, approximately 7,767 wallets have been affected by the exploit. Solanas sol token, one of the largest cryptocurrencies after bitcoin and ether, fell about 8% in the first two hours after the hack was initially detected, according to data from CoinMarketCap. Blockchain audit firm OtterSec tweeted that the hack has affected multiple wallets "across a wide variety of platforms." Elliptic chief scientist Tom Robinson told CNBC the root cause of the breach is still unclear, but "it appears to be due to a flaw in certain wallet software, rather than in the solana blockchain itself." The Solana network was viewed as one of the most promising newcomers in the crypto market, with backers like Chamath Palihapitiya and Andreessen Horowitz touting it as a challenger to ethereum with faster transaction processing times and enhanced security.