Along with the aforementioned coins, over 300 other Solana-based tokens as well as other non-fungible tokens (NFTs) have also been taken. According to Fortune , the majority of the compromised crypto wallets were so-called “hot wallets,” which meant they were online. These wallets are sometimes viewed as less secure than “cold wallets,” also known as “hardware wallets,” which are more resilient to hacking and do not require an internet connection. The three wallets named Phantom, Slope, and Trust Wallet suffered the greatest losses in the Solana attack.

“This does not appear to be an issue with Solana core technology, but in software used by numerous wallets popular among users of the network,” Austin Federa, the Solana Foundation’s head of communications, told Fortune. The assertion that the hacker was able to accept the wallet-draining transactions on behalf of the account owners is repeated throughout various publications ‘s report. Anatoly Yakovenko, a co-founder of Solana, asserted on Twitter that the breach might have been a “supply chain attack,” meaning the attacker chose a third-party vendor rather than the Solana platform itself.

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Anatoly Yakovenko Users are generally advised to transfer their cash to an offline wallet while professionals from multiple ecosystems work to help Solana halt the attack. There hasn’t been any proof that hardware wallets have been compromised, according to Solana Status on Twitter . The same account is anticipated to post updates on the situation when fresh information becomes available.


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