Saturday, August 20

Tag: CoinMarketCap

A Day After Nomad Bridge, Solana Wallet Hack Estimated at $8M
Crypto & NFT, Cybersecurity

A Day After Nomad Bridge, Solana Wallet Hack Estimated at $8M

The SOL ecosystem has been the latest target of a cryptocurrency heist when user money totaling $8M was stolen from "hot" wallets based on the Solana blockchain, including Phantom, Slope, and TrustWallet. The Solana network uses its token, referred to as SOL. PeckShield, a company that audits blockchains, claims that the theft is most likely the consequence of a "supply chain flaw" that was exploited on August 3 to acquire user private keys from wallets. It is estimated that approximately $8M was lost in this Solana wallet hack. Most of those affected by the Solana Wallet hack were mobile users, even if the exact cause is unknown. Suppose an attacker successfully signed (that is, initiating and authorizing) transactions on behalf of users of a trusted third-party service. In that...
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