wither ecosystem announced that it suffered a massive hack that damaged more than $5.2 million worth of assets and nearly 8,000 wallets.
In a statement made by blockchain analytics company Elliptic, it was stated that the reason for this attack experienced by the crypto ecosystem Solana ecosystem may not be a flaw in the ecosystem, but the vulnerability may have been caused by an intermediary wallet used.
“Engineers from various ecosystems, along with audit and security firms, continue to investigate the root cause of an incident that resulted in the emptying of nearly 8,000 wallets,” a Solana official told City AM.
Updates on the aforementioned studies are instantaneous. Solana Status Published on Twitter.
“A mistake or vulnerability allowed a malicious actor to withdraw funds from a number of wallets in Solana,” Solana commented. A number of wallets were damaged and emptied from the attacks, with the Solana website showing warnings about their involvement in the attack. With more than $3.6 million in assets in one wallet, Solana assets were valued at around $90,697.
Solana also warned that “Empty wallets should be treated as compromised and abandoned.”
Claiming that there is no evidence that hardware wallets are affected, ecosystem officials urged users to use hardware wallets.
Mikkel Mørch, Executive Director of the Digital Asset Investment Fund ARK36, described the attack. EthereumHe underlined that it can strengthen the reliability and safest DeFi ecosystem of .
“This hack will definitely undermine Solana’s credibility as a better alternative to Ethereum, especially when it comes to business security.”
Solana blockchain was considered an alternative to Ethereum’s blockchain as it charged lower transaction fees and was used for NFT mining.
Mørch also touched on past issues, commenting, “When the company’s core products, blockchain and the DeFi ecosystem, regularly suffer from outages and security issues, you can’t help thinking that Solana might have taken everything back.”
The hack in Solana comes shortly after Nomad’s bridge, which is used to transfer crypto tokens through different blockchains, stole around $190 million in assets this week.
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