[Update II] **WARNING** Millions Already Drained in Continuing Solana Based Wallet Hack

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To review the original base article, click here.

"There have also been different reports on how many wallets have been affected and the extent of the damage so far [...] Ava Labs CEO and founder Emin Gun Sirer stated that the number was at 7,000 plus wallets, a number which is rising at around 20 per minute. He said he believes that as the transactions appear to be signed properly, 'it is likely that the attacker has acquired access to private keys' [Quarmby, B. Ongoing Solana-based wallet hack has already seen millions drained. (Accessed August 2, 2022)].

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Due to the on-going nature of this hack/exploit, updates will be posted by this author as information becomes known. If you have coins/tokens in either a Phantom or Slope wallets the call is out for you to move your assets to cold storage if possible (i.e. Ledger). If not possible a less reliable method of protection is to move your assets to a newly created wallet with no pre-authorizations.

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10 comments
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If we keep getting blows like this we will start losing people due to security concerns. Seeing crypto gone on a platform you didn't audit properly is one thing but having it disappear from your wallet overnight is scary, especially if you had nothing to do with it.

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Centralized community problem where there is a file contain(no users private keys instead of them being created uniquely?
Looking forward to more information.

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Thanks for keeping the community up to date with what's going on with Solana, Kevin.

We have both been somewhat critical of the chain since creating content for the Solana guide, so I'm always interested in your take.

Either way, I hope you're staying safe out there!

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Am I missing somethingCentralized community problem where there is a file contain(no users private keys instead of them being created uniquely?
Looking forward to more information.

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How are you doing Dane? Are we ever going to restart the coin guides or is that project dead?

Anyway, at least so far it seems Solana blockchain is in the clear on this one. But I truly believe Solana is so poorly managed it is just an accident waiting to happen.

Take care bud!

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Somehow Solana seems to manage a way to find trouble in one way or other. It is sad to see since the project does have many innovations and they are trying to do great things. For the time being I would rather keep some distance until it Solana stops looking like some bleeding edge Alpha stage product.
!PIZZA

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