Surprisingly, the Solana ecosystem has become a victim of the attack as many users complain that their wallets have drained in the last 24 hours. The major internet-connected hot wallets include Phantom, Slope and Trust Wallet.
Hackers have attacked many Solana addresses and wallets drained with at least $5 million worth, including SOL, SPL, and other tokens from unidentified users.
“We are evaluating the incident impacting Solana wallets and are working closely with other teams in the ecosystem to get to the bottom of this. We will issue an update once we gather more information,” a representative of Phantom told CoinDesk in a statement. “The team doesn’t believe this is a Phantom-specific issue at this time.”
Some users have identified that the attack is related to transactions on Magic Eden’s Solana-based non-fungible token (NFT) marketplace; however, the exploit’s source is yet not confirmed.
The shocking part is that Magic Eden hasn’t replied to CoinDesk’s request for comment but gave a warning to users to revoke permissions and protect themselves from being attacked.
Magic Eden recommends to users that they must revoke access to everything and transfer all of their cryptocurrency to a hardware wallet. It is safer for users who are not using wallets to send all their funds to a centralized custodial exchange suitable for temporary solutions.
“I was getting my sunglasses refit when I got a push notification from my mobile wallet that I had sent all the SOL from my wallet,” Solana community member @gostak_gm told CoinDesk. “It was my main hot wallet, so I had it connected to lots of different mobile and web extension wallet providers as well as a lot of dapps. Not clear to me what could have been the root cause. Glad to have most of my funds on a cold wallet.”
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