Crypto Hotshots 2022 🔥♨️

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram Tiktok
Voice of Crypto
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
Reading: Malicious Solana Wallet Security Update Raked in Millions
Share
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Blockchain
  • VOC Explained
Reading: Malicious Solana Wallet Security Update Raked in Millions
Share
  • bitcoinBitcoin(BTC)$27,875.00
  • ethereumEthereum(ETH)$1,908.14
  • tetherTether(USDT)$1.00
  • binancecoinBNB(BNB)$313.37
  • usd-coinUSD Coin(USDC)$1.00
  • rippleXRP(XRP)$0.50
  • cardanoCardano(ADA)$0.381532
  • staked-etherLido Staked Ether(STETH)$1,906.15
  • dogecoinDogecoin(DOGE)$0.072859
  • matic-networkPolygon(MATIC)$0.91
  • Events
  • Videos
  • Podcast
Voice of CryptoVoice of Crypto
Aa
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Blockchain
  • VOC Explained
Search
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
Follow US
Copyright © 2023 Voice of Crypto. All Rights Reserved
Voice of Crypto > News > Malicious Solana Wallet Security Update Raked in Millions
News

Malicious Solana Wallet Security Update Raked in Millions

Jim Haastrup
Last updated: 2023/03/14 at 11:51 AM
Jim Haastrup Published October 12, 2022 March 14, 2023
Share
VOC, Voice of Crypto, Solana, SOL

Hackers use several types of Malware to disrupt and gain unauthorized access to data and information. One such Malware that has continued to erode people of their digital assets and disguise them as a trusted update is the NFT airdrop targeting Solana cryptocurrency users. 

Contents
Previous Solana Wallet HacksHow Was the Hack ExecutedPast Malware Hacks

Previous Solana Wallet Hacks

In the past few weeks, Non-fungible token holders have reported several theft cases and malfunctioning of their Solana wallets. In a report, about 8,000 wallets fell victim to similar Malware and lost about $8 million worth of digital assets. 

After a while, the Malware was analyzed, and results showed that unknown hackers had sent NFT airdrops to Solana cryptocurrency users. These airdrops are not airdrops in their real form; they are Malware disguised as airdrops for unsuspecting NFT holders. 

These hackers understand that holders of NFTs and enthusiasts are always anxious to receive airdrops. So they used that as bait. The first thing they did was to pose as members of the Phantom wallet security update; then they sent these messages “PHANTOMUPDATE.COM” or “UPDATEPHANTOM.COM.” 

- Advertisement -

How Was the Hack Executed

Every individual who fell victim thought it was a standard update message from the Phantom wallet security team, and they clicked on the link.

So once you click on the link thinking that a new security update for the Phantom wallet has been released and can be downloaded, your wallet gets compromised. Thereby giving hackers access to your browser data, history, cookies, passwords, SSH keys, and other information. 

Interestingly, the hackers attached a prompt message that if you fail to click on the link and download the update (which in its real sense is Malware), it “may result in loss of funds due to hackers exploiting the Solana network.” 

Another finding also showed that Solana’s wallet service, Slope, had security vulnerabilities and easily compromised users’ data.

- Advertisement -

This vulnerability and the Malware automatically downloaded from GitHub when you click the “update” link are intended to steal your crypto tokens, other digital assets, and data from your wallet.  

Past Malware Hacks

It is important to know that this is not the first time Malware has been deployed to steal people’s funds. One such Malware that went viral was the Mars Stealer, who stole crypto tokens from unsuspecting users. The Malware, popularly called Mars Stealer, is an upgrade of the Oski trojan. In 2019, Mars Stealer was used to targeting over 40 browser-based crypto wallets.  

The Malware also targets two-factor authentication (2FA) extensions with a grabber function deployed to steal users’ private keys.

As blockchain protocol and wallet developers improve their security architecture, hackers are devising several ways to compromise them.

- Advertisement -

To keep your wallet safe, it is therefore important to be wary of updates and ensure they are from trusted parties. 

 

You Might Also Like

5 Top Cryptocurrencies To Watch this Week: MATIC, ARB, CAKE, INJ, RNDR

10 Top Cryptocurrency Exchanges in the USA

World Token Summit: Unlocking the Future: Unleash the Power of Tokenization 

Potential Losses for the U.S. in its Cryptocurrency Fight

BIG Catalyst Incoming for the Ethereum (ETH) Price

TAGGED: Blockchain, Hacks, NFT
Share This Article
Facebook Twitter Email Copy Link Print
Previous Article SEC Chair crypto VOC Mysterious Crypto Millionaire Couple Now Faces Trail in Australian Court
Next Article VOC, Voice of Crypto, ApeCoin (APE) Apecoin Tanks 8% as SEC Taps Creator over Federal Law Violation Concerns
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Subscribe to our Newsletter

Get Newest Articles Instantly!

Ledger
techcircus
Popular News
Web3 Shorthand
Web3 Shorthand: A Glossary for Crypto Newbies
Bitcoin price BTC VOC
Bitcoin Miners Face Trouble as BTC Price Plunges Further
Quick-Tips-To-Avoiding-A-Fake-Crypto-Wallet
Quick Tips To Avoiding A Fake Crypto Wallet

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram Tiktok
Voice of Crypto

Voice Of Crypto hits a beat with almost 15 million users, churning out the best news and content in the Web3, crypto and blockchain space

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Legal

  • Global Events
  • Advertise With Us
  • Privacy Policy

Know Us

  • About Us
  • VOC Team
  • VOC Vigilantes
  • Brands Who Trust Us
  • Contact Us
Copyright © 2023 Voice of Crypto. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?