CRYPTO WORLD
Ongoing Solana attack targets thousands of crypto wallets, costing users more than $5 million so far. Nearly 8,000 digital wallets have been drained of just over $5.2 million in digital coins including Solana’sNearly 8,000 digital wallets have been drained of just over $5.2 million in digital coins including solana’s sol token and USD Coin (USDC), according to blockchain analytics firm Elliptic. The Twitter account Solana Status confirmed the attack, noting that as of Wednesday morning, approximately 7,767 wallets have been affected by the exploit. Elliptic’s estimate is slightly higher at 7,936 wallets.
Solana’s sol token, one of the largest cryptocurrencies after bitcoin and ether, fell about 8% in the first two hours after the hack was initially detected, according to data from CoinMarketCap. It’s currently down about 1%, while trading volume is up about 105% in the last 24 hours. Starting Tuesday evening, multiple users began reporting that assets held in “hot” wallets — that is, internet-connected addresses, including Phantom, Slope and Trust Wallet — had been emptied of funds. sol token and USD Coin (USDC), according to blockchain analytics firm Elliptic.
The Twitter account Solana Status confirmed the attack, noting that as of Wednesday morning, approximately 7,767 wallets have been affected by the exploit. Elliptic’s estimate is slightly higher at 7,936 wallets. Solana has experienced a brutal hack on several of its most popular applications, draining millions of dollars in users’ funds and Altcoins. In today’s VOC Daily News Wrap, we point out what you currently don’t know about the hack. We will also cover WHY Michael Saylor steps down as MicroStrategy CEO and what that means for Bitcoin and its price. Don’t miss this show!!
