8,000 Solana Wallets Drained Millions Worth of Crypto in Cyberattack

By Waqas
An unknown hacker targeted the Solana ecosystem on Wednesday and drained approx. $5 million worth of SOL and…
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Solana hack wipes more than 7,000 wallets, totaling nearly $5 million in losses

The apparent software-based attack stands out among other major cryptocurrency hacks that have totaled nearly $2 billion so far in 2022.

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Hackers stole more than $320 million in cryptocurrency from DeFi platform Wormhole

A hacker stole $320 million worth of Ethereum cryptocurrency from a decentralized finance platform Wormhole on Wednesday. The attack is the largest against the cryptocurrency industry so far in 2022 and one of the top hacks of the industry to date. As of Thursday morning, all of the stolen funds were “restored,” the trading platform was back up, and an incident report was coming soon, according to tweets by the company. The vulnerability used by the attacker had been fixed, Wormhole said late Wednesday. The platform allows users to send Ethereum and Solana cryptocurrencies across two different blockchains. A preliminary analysis of the attack by blockchain security firm CertiK shared with CyberScoop found that the hacker was able to exploit a vulnerability that allowed it to create a fake Solana transfer that it used to claim real Ethereum. “We seem to be at an awkward point where the demand for […]

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A network is only as strong as its weakest shard

Blockchain, a nascent technology, has enterprises globally enamored with the promise it holds to fundamentally turn everything from how we interact, transact, store, and manage data on its head. While the technology’s immutable nature and democratized … Continue reading A network is only as strong as its weakest shard