your current location is：Home > TechnologyHomeTechnology

The Solana ecological wallet was attacked on a large scale, with more than 9,000 wallets stolen and a total loss of more than $4 million. Solana status tweeted earlier that the affected addresses seem to have been used in the mobile terminal of the Slope wallet, and the reason for the attack is suspected to be related to the leakage of Slope's private key.

Solana ecological wallets (Phantom, Slope...) suffered a large-scale attack yesterday, and many users' hot wallet funds were exhausted without knowing it. At present, according to Dune Analytics data, the number of affected independent wallets is as high as 9,223, and the total loss of assets including SOL, USD, BTC, ETH and mSOL reaches $4,088,121.

Solana Status: Attack may be related to Slope wallet leaking private key information

The reason for this large-scale attack has not yet been fully investigated, but according to a tweet from the official account Solana Status this morning (4th), the reason for the attack seems to be related to the leak of Slope’s private key:

After investigation by developers, the ecosystem team, and security auditors, the affected addresses appear to have been created, imported, or used in the mobile Slope wallet, but the hardware wallets that used Slope remain safe and unaffected.

While the exact details of the attack are still under investigation, it appears that user private key information was mistakenly transmitted to the monitoring application.

Solana status concludes by emphasizing: "There is no evidence that the Solana protocol or its cryptographic foundation has been compromised."

SBF: Solana is the most undervalued token right now

However, even if the Solana ecological wallet is attacked on a large scale, FTX exchange co-founder Sam Bankman-Fried (SBF) is still optimistic about SOL; according to a report by Fortune magazine today, SBF said that the hacking of the Solana wallet will not change his Views on SOL.

To be clear, this is not a core blockchain issue, it looks like it could be a problem with a third-party app someone built.

Earlier this month, he was interviewed by "Fortune" and asked "What is the most undervalued token?" SBF also replied: Solana, saying that he sees its growth potential, although he admits that Solana still has some problems, but believes will be resolved.

Technically, Solana still has a lot of kinks to work out... But, I think it's two-thirds of the way done. I think it will successfully complete another third.

Is this really true? I don't think so!

SOL is not responsible for this unprecedented SOL security glitch, SOL is using it to promote their new phone claiming their phone will block it is a ridiculous narrative! Because they should make their wallets better first!

Since no other blockchain has suffered such extensive failures, high standards of best practices and clear guidelines on how to implement public key cryptography, SOL is absolutely wrong! Especially considering how often they promote de-prioritization of security.

The Solana network wasn't "hacked" This is clearly a case of a poorly implemented wallet sending keys in plain text to a central server, not the SOL team's fault, but it's a general phenomenon of the SOL ecosystem now as a reckless culture Attract more risk.

Some of the most used wallets for example SOL are closed source! As was the case in this hack, this is unthinkable in the ETH and BTC ecosystem. There are many examples of this behavior, like this gem that shut down this year.

SOL's claim that their phone could have avoided this huge security blunder is totally unfounded! Because the gap that needs to be filled is software integration, not hardware! First of all, all modern cell phones already contain a secure element! (hardware wallet).

Take the Samsung Galaxy S10 all the time, it was released in 2019! Also, at least in the case of Android, anyone is free to develop on top of this hardware. Indeed, there has been a lack of development in this important area.

Launching a new phone has nothing to do with solving the problem, it might fund the right development but it's an extremely indirect way to solve the problem which is more likely another way for the SOL team to pivot and cash in.

Considering how bad SOL is technically, the article that SOL will go the way of EOS may already have the same pattern on the wall.

Cryptocurrencies don't require a crypto-native phone! It needs better software that runs safely on the phones we all already own, and that's how we get greater mass adoption instead of convincing the masses to buy a $1000 phone! Even SOL teams have dollar signs in their eyes.

Something a lot of people probably don't know; the SOL team actually has multiple ex-employees from Andy Rubin's phone company that released the "Essential Phone," which sold poorly and has been discontinued. For that matter, all crypto so far The native phone companies all failed.

I don't think Saga will do better. There is nothing inherently wrong with launching a new phone, however, SOL funding and engineering talent will be redirected towards launching this phone, which is unethical given the current state of the SOL blockchain.

It's important to consider the Solana founder's track record of being caught lying and committing fraud multiple times without any admission or correction of past crimes; just don't expect it to be any different:

People have been warned about SOL for years that this hack is the result of their repeated reckless behavior. We must hold ourselves to a higher standard and not buy projects that harm our principles. Unfortunately, this hack may be part of the process. part.