Thousands of Solana crypto wallets drained in yet another massive hack

Another day, another crypto hack – I mean literally.

Just a day after a massive hack resulted in the loss of roughly $190 million in crypto assets from the Ronin Crypto Bridge, Solana users appear to have been the target of widespread hacking, with crypto assets draining from their wallets.

The details of the hack are not yet known, but it appears that some users of Solana wallets Phantom and Slope software are taking funds from them. According to Solana’s official “Status” account on Twitter, “approximately 7,767 wallets were affected,” and this is happening to users of both mobile wallets and browser extensions.

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

The solution at this time, According to Solana, is to use a hardware wallet with a new mnemonic phrase and transfer funds there. However, there is a big problem with this solution: not all users have hardware wallets, which are physical devices that provide greater security for your crypto assets than software wallets like Phantom.

Phantom said on Twitter that it “does not believe this is a Phantom-specific issue.” The company said it will share more information soon.

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