Solana, USDC Among Wallets Drained in Unfolding Attack

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10w ago2022-08-03

An unknown attacker has been draining wallets of Solana and USDC, per multiple reports on Twitter, following on the heels of the Nomad Token Bridge hack.

“Over 5,000 Solana wallets have been drained in the past few hours,” reported blockchain audit firm OtterSec. “These transactions are being signed by the actual owners, suggesting some sort of private key compromise.”

Initial reports singled out the Solana browser wallet Phantom and the Solana ecosystem. The news has already prompted an 8% drop in Solana's value in the last two hours, as of this writing.

"There's an unknown $SOL exploit currently draining random Phantom wallets," said crypto investor and analyst Miles Deutscher. "$6m currently stolen. If you have funds on Phantom, make sure to revoke all permissions + move to a hardware wallet."

Popular Solana NFT marketplace Magic Eden also took to Twitter to warn of the exploit.

"There seems to be a widespread SOL exploit at play that's draining wallets throughout the ecosystem," the account wrote. In the tweet, Magic Eden provided instructions to remove permissions for suspicious links.