Ongoing Solana-based wallet hack sees millions drained

NFT Marketplace Magic Eden noted that it "appears to be a widespread in-game SOL exploit" and called on users to revoke permissions for any suspicious links in their Phantom wallets.

Continued and widespread hacking has so far drained up to $8 million in funds from a number of active Solana-based wallets.

As of this writing, Solana (SOL) is currently trending on Twitter, with countless users reporting the hack as it unfolds or reporting that they themselves lost funds, warning anyone with Solana-based hot wallets such as Phantom and Slope Wallets to transfer their funds to cold wallets.

On August 2, blockchain investigator PeckShield said the widespread hack was likely due to a "supply chain issue" that was exploited to steal users' private keys behind affected wallets. He said the estimated loss to date is around $8 million.

#PeckShieldAlert Widespread hack on Solana wallets is likely due to supply chain issue exploited to steal/discover users' private keys behind the affected wallets. The loss so far is estimated at $8m, excluding an illiquid shitcoin (only 30 taken and possibly misvalued at $570m) pic.twitter.com/aTGNsTc6d8

Solana-based wallet providers, including Phantom and Slope, and non-fungible token (NFT) marketplace Magic Eden are among those who commented on this...