Solana Hot Wallets See Millions Stolen

Solana (SOL) experienced a security vulnerability that was exploited to drain millions of dollars in funds from a number of Solana-based hot wallets. Information regarding the attack is still developing, and the exact cause and origin remain unclear.

    • The fifth largest crypto, Solana has experienced a widespread attack that drained millions
    • 8,000+ wallets affected in attack which doesn’t appear to be a bug in Solana’s core code
    • Appears to predominantly impact Solana-based hot wallets of mobile wallet users

Solana is the fifth-largest blockchain by total value locked and combines Proof of Work with an innovative Proof of History validation mechanism to achieve an impressive 50,000 transactions per second. The blockchain experienced an attack that impacted more than 8,000 wallets and resulted in millions of funds lost. Users began to see their wallets were …

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