BlocksInform
Ethereum Layer-1 competitor Solana has been facing a major exploit on its platform as per the latest reports. As per details, thousands of Phantom wallets have been compromised with the hackers stealing anywhere upwards of $6 million. There are more than 7000+ wallets affected, and also rising at 20/min.
Although the exact figures aren’t known this is just a random estimate from people familiar with the matter. For users holding their funds in the hot wallets of Phantom, the best thing would be to send funds to an exchange or move them to a hardware wallet.
In its recent update, Solana said that they have been monitoring the event. However, there’s no evidence of any hardware wallet being compromised. The official announcement notes:
Engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets on Solana. There is no evidence hardware wallets are impacted.
Phantom Investigating the Matter, SOL Tanks 4%
Phantom, the Solana-based wallet for DeFi and NFTs has been investigating the matter. Besides, they have said that the exploit issue doesn’t seem specific to Phantom. In its official announcement, Phantom noted:
