A hacker has drained over 8,00 Solana wallets of nearly $6 million (£4.9 million) in assets. The news of this negative event echoed throughout the crypto space, sparking different speculations and reports on the root cause of the attack.
According to a Twitter report by Solana Status, some engineers and audit firms were analyzing the scenario to determine the cause.
“Engineers from across several ecosystems, in conjunction with audit and security firms, continue to investigate the root cause of an incident that resulted in approximately 8,000 wallets being drained.”
A preliminary report by Solana Status claims that the issue was not linked to the core code of the blockchain; instead, they believe that the bug could be traced to “software used by several software wallets popular among users of the network.”
A while after making the preliminary reports concerning the attack, Solana Status provided insight into the possible cause of the attack. Using its Twitter account, Solana Status fingered Slope mobile wallet applications as the root cause.
“After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications.”
According to the Twitter thread, the attack was linked to a wallet on Solana.
“This exploit was isolated to one wallet on Solana, and hardware wallets used by Slope remain secure. While the details of exactly how this occurred are still under investigation, private key information was inadvertently transmitted to an application monitoring service.”
Based on the report by Solana Status.
“There is no evidence the Solana protocol or its cryptography was compromised.”
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