• BTC Dominance: %
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

Solana wallets ‘compromised and abandoned’ as users warned of scam solutions

Jon Hartney by Jon Hartney
August 3, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Solana users have been urged to move their funds to cold storage and be alert to possible scams after a major exploit of thousands of wallets sees more than $8 million stolen.

The cryptocurrency ecosystem has been rocked by a widespread exploit targeting Solana wallets that have been ongoing since Aug. 3. Phantom and Slope, two Solana-based wallet services, initially flagged the attack on their social media platforms, alongside a host of cryptocurrency influencers, blockchain analytic and security firms and victims of the hack as it continued to unfold.

A handful of commentators noted that attackers had gained access to user private keys, as transactions were signed on the chain legitimately. Ava Labs CEO and founder Emin Gun Sirer estimated that more than 7,000 wallets had been affected, a number cited by various other individuals and firms online.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

As investigations begin to unpack the root cause that allowed an attacker to pillage thousands of wallets, affected users are being warned not to accept help from individuals online purporting to have solutions to the hack. Heidi Chakos, the host of the YouTube channel Crypto Tips, stressed that scammers would be looking to exploit the ongoing situation:

DON’T interact with ANYONE who reaches out to you with a solution to this SOLANA hack. They are scammers

— Heidi (@blockchainchick) August 3, 2022

Solana Status has been providing updates since the exploit began and noted that 7,767 wallets had been affected at 5 a.m. UTC on Aug. 3. Several wallets were affected across mobile and browser extensions.

There’s no evidence hardware wallets have been impacted – and users are strongly encouraged to use hardware wallets.

Do not reuse your seed phrase on a hardware wallet – create a new seed phrase.

Wallets drained should be treated as compromised, and abandoned.

— Solana Status (@SolanaStatus) August 3, 2022

Solana stressed that users move funds to cold storage and create new seed phrases, while the owners of the nearly 8,000 drained wallets were told that these should “be treated as compromised, and abandoned.”

Engineers from multiple ecosystems are investigating the root cause of the incident with assistance from security firms. Users affected by the exploit are being asked to provide their compromised wallet addresses to the Solana Foundation to assist in the investigation. 

Cointelegraph has reached out to Solana for an updated figure of the number of wallets affected by the exploit. It is also unclear whether affected wallets will see funds recouped or refunded after the incident. 

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

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

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

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

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

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

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 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

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 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)$22,852.00-1.31%
  • ethereumEthereum(ETH)$1,630.14-1.12%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.24%
  • binancecoinBNB(BNB)$327.20-0.23%
  • usd-coinUSD Coin(USDC)$1.000.11%
  • rippleXRP(XRP)$0.397375-1.73%
  • Binance USDBinance USD(BUSD)$1.00-0.07%
  • cardanoCardano(ADA)$0.391123-0.58%
  • dogecoinDogecoin(DOGE)$0.091881-0.95%
  • OKBOKB(OKB)$43.962.31%
  • matic-networkPolygon(MATIC)$1.20-0.79%
  • SolanaSolana(SOL)$23.18-2.05%
  • Shiba InuShiba Inu(SHIB)$0.0000151.44%
  • Lido Staked EtherLido Staked Ether(STETH)$1,626.43-0.96%
  • polkadotPolkadot(DOT)$6.68-0.16%
  • litecoinLitecoin(LTC)$96.27-0.70%
  • AvalancheAvalanche(AVAX)$20.05-1.44%
  • tronTRON(TRX)$0.063373-1.68%
  • daiDai(DAI)$1.000.29%
  • UniswapUniswap(UNI)$6.77-3.60%
  • cosmosCosmos Hub(ATOM)$14.370.18%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,790.00-1.34%
  • chainlinkChainlink(LINK)$6.96-0.93%
  • ToncoinToncoin(TON)$2.27-1.79%
  • leo-tokenLEO Token(LEO)$3.40-2.19%
  • ethereum-classicEthereum Classic(ETC)$22.66-1.39%
  • moneroMonero(XMR)$165.89-2.53%
  • bitcoin-cashBitcoin Cash(BCH)$133.08-1.08%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • AptosAptos(APT)$15.02-3.96%
  • stellarStellar(XLM)$0.091020-1.07%
  • ApeCoinApeCoin(APE)$5.730.01%
  • QuantQuant(QNT)$140.470.45%
  • CronosCronos(CRO)$0.080590-1.66%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.37-1.99%
  • filecoinFilecoin(FIL)$5.24-1.50%
  • algorandAlgorand(ALGO)$0.257508-1.68%
  • HederaHedera(HBAR)$0.069418-2.18%
  • Lido DAOLido DAO(LDO)$2.133.51%
  • vechainVeChain(VET)$0.023968-2.57%
  • Internet ComputerInternet Computer(ICP)$5.57-2.52%
  • FantomFantom(FTM)$0.55-5.27%
  • decentralandDecentraland(MANA)$0.72-3.00%
  • The SandboxThe Sandbox(SAND)$0.72-2.58%
  • Axie InfinityAxie Infinity(AXS)$10.91-1.16%
  • AaveAave(AAVE)$86.040.38%
  • eosEOS(EOS)$1.08-2.30%
  • The GraphThe Graph(GRT)$0.13038412.62%
  • FlowFlow(FLOW)$1.11-0.33%
  • MultiversXMultiversX(EGLD)$44.88-0.95%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.0001872.07%
  • theta-tokenTheta Network(THETA)$1.09-2.93%
  • tezosTezos(XTZ)$1.16-3.10%
  • FraxFrax(FRAX)$1.000.13%
  • true-usdTrueUSD(TUSD)$1.000.16%
  • huobi-tokenHuobi(HT)$5.55-0.11%
  • paxos-standardPax Dollar(USDP)$1.000.57%
  • bitcoin-cash-svBitcoin SV(BSV)$43.67-4.38%
  • kucoin-sharesKuCoin(KCS)$8.62-1.32%
  • havvenSynthetix Network(SNX)$2.60-1.71%
  • Frax ShareFrax Share(FXS)$11.129.45%
  • Curve DAOCurve DAO(CRV)$1.060.76%
  • Rocket PoolRocket Pool(RPL)$39.571.68%
  • ChilizChiliz(CHZ)$0.139755-1.55%
  • PancakeSwapPancakeSwap(CAKE)$4.480.64%
  • USDDUSDD(USDD)$0.990.15%
  • ImmutableXImmutableX(IMX)$0.902.85%
  • eCasheCash(XEC)$0.000037-1.43%
  • BitTorrentBitTorrent(BTT)$0.000001-1.34%
  • dashDash(DASH)$62.464.62%
  • iotaIOTA(MIOTA)$0.2450220.48%
  • BitDAOBitDAO(BIT)$0.571.08%
  • Trust WalletTrust Wallet(TWT)$1.59-2.69%
  • Mina ProtocolMina Protocol(MINA)$0.78-2.96%
  • KlaytnKlaytn(KLAY)$0.204910-1.69%
  • makerMaker(MKR)$694.06-0.04%
  • OptimismOptimism(OP)$2.911.43%
  • GateGate(GT)$4.28-2.46%
  • neoNEO(NEO)$8.69-3.35%
  • cUSDCcUSDC(CUSDC)$0.0227450.05%
  • gemini-dollarGemini Dollar(GUSD)$1.010.03%
  • ArweaveArweave(AR)$11.41-0.89%
  • GMXGMX(GMX)$67.322.05%
  • RenderRender(RNDR)$1.897.27%
  • OKCOKC(OKT)$31.62-0.25%
  • zcashZcash(ZEC)$43.89-1.92%
  • cDAIcDAI(CDAI)$0.0221631.28%
  • RadixRadix(XRD)$0.053961-6.95%
  • THORChainTHORChain(RUNE)$1.800.33%
  • Tokenize XchangeTokenize Xchange(TKX)$6.66-1.52%
  • OsmosisOsmosis(OSMO)$1.01-0.58%
  • singularitynetSingularityNET(AGIX)$0.431453-1.98%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • PAX GoldPAX Gold(PAXG)$1,869.030.70%
  • enjincoinEnjin Coin(ENJ)$0.4808412.75%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.0000005.86%
  • Convex FinanceConvex Finance(CVX)$6.28-1.24%
  • loopringLoopring(LRC)$0.370654-3.05%
  • Fetch.aiFetch.ai(FET)$0.44107117.65%