Solana Cryptocurrency Hacked, $5.2M Stolen from Wallets

Blockchain forensics firm Elliptic reported that hackers stole at least $5.2 million in crypto from more than 7,900 Solana wallets on Wednesday.

“The root cause is still not clear. It appears to be due to a flaw in certain wallet software, rather than in the Solana blockchain itself,” said Elliptic’s co-founder Tom Robinson.

PeckShield said that the Solana wallets were hacked due to the supply chain issue being exploited to steal/uncover user private keys.

Solana later reported that approximately 7,767 wallets had been affected as of 1 p.m. Hong Kong time, including Solana-based wallets Slope and Phantom.

“This does not appear to be a bug with Solana core code, but in software used by several software wallets popular among users of the network,” explained Solana.

There are still no known suspects, while Solana has not yet disclosed what will happen to affected customers.

© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.