The giant Solana hack continues: 4 priority security steps to take

An air of panic blew in Solana network since around 2 a.m. French time. It was during this time that such a massive and coordinated attack was launched, targeting thousands of wallets and emptying them of their contents. While the circumstances of this hack remain unclear, we encourage you to take some precautionary measures now to keep your assets safe.

Solana hack continues

At the time of writing, this attack, unprecedented in its scale, is still ongoing and involves more than 8,000 wallets (crypto wallets) for a transferred amount of more of 6 million dollars in SOL cryptocurrencies and other tokens on this blockchain. Solana is one of the most important projects in the field of activities and estimates.

Many teams are on the bridge, more so than the Solana community alone, after opening events every hour. At the moment, the investigations remain inconclusive, although the attack came from 4 identified addresses.

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What to do with Solana’s hack?

Essentially, the attack is done by siphoning the user’s wallets. This hack seems to mainly target wallets ghost and slope. When the potential vulnerabilities of these wallets were first mentioned, the Phantom team even indicated on its official channel that in the state of their investigations, no error found yet.

A weakness on the side of emblematic ecosystem platforms such as Solsea or Magic Eden is also considered. This second hypothesis has not yet been proven.

Details of the Solana hack remain sketchy

However, although at the time of writing many gray areas remain, it is not useful if you yourself are users of the Solana network, to use the following some safety tips.

Caution 1: return your funds to cold storage

After checking that your wallet was not affected by the hack, a transfer of your funds to cold storage might be a good idea. In fact, the elements that started at the present time, hacking seems to have nothing to do with cold storage (hardware wallet). So if you have a key Ledger, NGrave hope Treasury, take a few minutes to repatriate your assets.

Caution 2: Stop permissions to access your wallets

Think disable all access permissions to your browser wallet. These ends usually remain open after an NFT mint or an interaction with a smart contract. These are the perfect channels to access your funds. You can find the tool that allows to lift these permissions in the parameters of your wallet.

Caution 3: transfer your funds to a centralized trusted platform

If you don’t have a cold wallet, it might be a solution transfer your tokens to a centralized platform (CEX) As Binance hope FTX. Although purists will find fault with this, entrusting the custody and security of your assets to a reputable player for a time will allow you to wait more calmly for the storm to pass.

Caution 4: be careful on social networks

Scammers of all kinds know this well: moments of stress and anxiety make their victims more vulnerable. And, if you can escape the main hack, make sure you don’t fall into the nets of those who try to impersonate a customer service, or a consulting company, to access your funds, thanks to the ambient stress . . Apart from networks and official sites, don’t take their word for it, especially on social media and never hand over strategic information to anyone, such as private keys or passwords, for example.

Illustration below, with an account trying to get a mnemonic passphrase from a less suspicious, pretending Phantom customer service

Le Journal du Coin will inform you of developments in the situation throughout the day. In the meantime, be careful and don’t make emotional decisions.

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