The Slope portfolio would default

The team behind the Solana (SOL) blockchain has linked the widespread hack that affected over 8,000 wallets and resulted in the loss of over $8 million in funds to the proprietary crypto wallet. slope.

Source: AdobeStock / Natallia

“After an investigation by developers, ecosystem teams and security auditors, it appears that the affected addresses were at some point created, imported or used in Slope mobile wallet applications,” said declared the official Solana Status Twitter account.

In an official statement, Slope neither confirmed nor denied the claim, but said “nothing is definitive yet” and that they are currently investigating “a few hypotheses about the nature of the breach.”

“We actively conduct internal investigations and audits and work with leading external security and audit groups,” Slope’s team said. She also encouraged users to create a new “phrase seed” unique and to transfer all their assets to this new portfolio.

Slope is a web-based self-managed crypto wallet and browser extension that allows users to hold their assets on the Solana blockchain.

The exact amount of funds lost varies between $4.5 million and $8 million, depending on the source, but according to the dashboard provided by Solana’s ecosystem analysis tool, Solscan, as of 7:30 UTC Thursday morning, a total of $8.58 million has been transferred to the hackers’ wallets so far.

Solana’s team dismissed any possibility that the hack was the result of a bug in the blockchain’s core code: “This is definitely not a bug in Solana’s code, but a bug in software used by several popular wallets among network users”.

The portfolio team phantomwhich previously assured its users that the Solana hack was not “a Phantom-specific issue”, despite some Phantom wallets being emptied, said Note that the holders of these wallets had previously interacted with a Slope wallet.

“Phantom has reason to believe that the reported hacks are due to complications importing accounts to and from Slope,” said tweeted The Phantom Team.

Meanwhile, the crypto developer who calls himself Foobar has on Twitter confirmed that Slope Wallet may have stored plaintext “seed phrases” on their own centralized servers.

“So Slope sent private keys and seed phrases in clear text to a server,” said declared the veteran of the crypto industry Adam Cochran. “There is absolutely no acceptable design reason for this. I would have expected a string added in the wrong place as a leak (…) what the hell?”.

The widespread hack is said to have started on Tuesday when users began reporting their unwitting funds missing from major hot blockchain wallets, including Phantom, Slope and TrustWallet. Some affected users would not have hadinteraction with contracts of more than 40 days.

Blockchain security firms quickly determined that the transactions were signed by the actual owners, suggesting some form of private key compromise. The hack did not affect hardware wallets.

Blockchain security firms quickly determined that the transactions were signed by the actual owners, suggesting some form of private key compromise. The hack did not affect hardware wallets.

Despite the scale of the hack, Solana’s original SOL token held up well. It is currently trading at $38.89, down 1% in a day and down 1.62% in a week.

Follow our affiliate links:

  • To buy cryptocurrencies in the SEPA zone, Europe and French citizensvisit Coinhouse
  • Buying cryptocurrency in Canadavisit Bitbuy
  • Generating interest with your bitcoinsgo to the BlockFi website
  • To secure or store your cryptocurrenciesget Ledger or Trezor wallets
  • To trade your cryptos anonymouslyinstall the NordVPN app

To invest in cryptocurrency mining or masternodes:

How to collect coins while playing:

  • In poker on the CoinPoker gaming platform
  • For a global fantasy football on the Sorare platform

Stay informed with our free weekly newsletter and to our social networks:

Leave a Comment