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Giant Vulnerability in Crypto Wallets: $4M In Crypto Stolen

Giant Vulnerability in Crypto Wallets: $4M In Crypto Stolen
Giant Vulnerability in Crypto Wallets: $4M In Crypto Stolen
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Thousands of Solana users collectively lost around $4.5 million worth of SOL and other tokens from Tuesday night to early Wednesday, and now there is a possible explanation for that. The source of the problem is said to be a private key exploit linked to mobile software wallet Slope .

On Wednesday afternoon, the official Solana Status Twitter account shared preliminary findings through collaboration between developers and security auditors, saying that “affected accounts appeared to have been created, imported or used in Slope mobile wallet apps at some point” .

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“The details of the vulnerability and exactly how it happened are still being investigated, but it seems that the private key information was inadvertently passed to an application monitoring service. There is no evidence that the Solana protocol or cryptography has been compromised.”

Giant Vulnerability in Crypto Wallets: $4M In Crypto Stolen

$4.5 Million Stolen From Over 8,000 Accounts

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Some Phantom wallets also had their SOLs and tokens emptied in the attack, but these wallet owners appear to have interacted with a Slope wallet before . The Phantom team included the following statements in its tweet today:

“Phantom has good reason to believe that the reported vulnerabilities are due to complications with and from importing accounts to and from Slope.”

Slope acknowledges that wallets were involved in the attack, but does not detail exactly what happened, and the firm does not take responsibility for the attacks . According to blockchain researcher Solscan, it has been more than five hours since one of the four attacking wallets dumped cryptocurrency or tokens from any sensitive wallet. The attackers stole an estimated $4.46 million worth of cryptocurrencies from around 8,000 unique wallets cited by the Solana Status account .

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