Slope Wallets Assumed to Be the Culprit of the Solana Attack

As per the investigation and reports of the attack, the Solana exploit is done by a third party. Users of Solana have been subjected to malicious attacks over the last few days, and unidentified bad actors have stolen cryptocurrency valued at several million dollars. After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications. 1/2 — Solana Status (@SolanaStatus) August 3, 2022 The security crew at Solana spent some time hunting for the point of entry, and it appears they have located the likely offender. Even though Solana users were the attack’s focus, Solana is not to blame. Instead, Slope, a third-party wallet provider, is accused of the act. Slope Hardware Wallets Solana has thus far confirmed that no hardware wallets have been attacked, and the issue appears to affect Slope’s hot wallets. However, regardless of the sort of wallet they use, the Solana developers strongly advise that every Slope user create a new seed phrase. Phantom Wallets Since Phantom wallets were also drained, it was initially believed that the problem was more widespread while the data breach investigation was still ongoing. But it soon became clear that the Phantom wallets being targeted weren’t Phantom users after all. Austin Federa, the director of communications at Solana, acknowledged that the drained Phantom wallets ha...