More than $7 million stolen from ongoing Solana cryptocurrency wallet hack


Crypto analysts say that the hacker has stolen the SOL as well as Solana Program Library (SPL) tokens.

A security breach that occurred on Solana was a factor that caused an eviction of money of millions in a variety of Solana wallets.

Custodial and non-custodial Solana wallets, like Slope and Phantomhave been the most recent victims, with customers saying that their funds have been depleted without their consent.

Phantom has taken to Twitter to declare that they are working with other teams to better understand the problem.

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Crypto analysts say that the attacker is taking the SOL along with Solana Program Library (SPL) tokens. A number of industry giants have made use of Twitter to discuss the matter.

Changpeng Zhao, CEO of cryptocurrency trading platform Binance has taken to Twitter and posted a post about the security breach that occurred that occurred on the Solana chain.

Emin Gun Sirer, Founder and CEO of Ava Labs, commented that there’s a lot of misinformation and speculation about the subject. He noted that centralised and hardware wallets exchanges are not affected, and customers who hold Solana assets in those systems are safe.

There are multiple reports that indicate that a variety of wallets are affected. Solana’s prices have dropped by 7%.

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