September 27, 2022

Another day, another crypto hack – and I mean that literally.

Just a day after a massive hack led to the loss of around $190 million in crypto assets from the Ronin crypto bridge, Solana users appear to be targeted by a widespread hack, with crypto assets being drained from their wallets.

The details of the breach are unclear at this point, although it appears that some users of the Solana Phantom and Slope software wallets are withdrawing funds from them. According to Solana’s official “status” Twitter account, “Approximately 7,767 wallets are affected,” and this is for both mobile wallet users and browser extensions.

“Engineers from multiple ecosystems, with the help of multiple security companies, are investigating drained wallets on Solana. There is no indication that hardware wallets have been affected,” Solana wrote.

The solution at this point, according to Solana, is to use a hardware wallet with a new seed phrase and transfer the money there. However, there is one big problem with this solution: Not all users have a hardware wallet, which is a physical device that offers more security for your crypto assets than a software wallet like Phantom.

Phantom said on Twitter that it “doesn’t believe this is a Phantom-specific issue.” The company says it will share more information as soon as possible.

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