Blockchain auditing firms are still trying to figure out how hackers gained access to about 8,000 private keys used to drain Solana-based wallets. Investigations are ongoing after attackers managed to steal some $5 million worth of Solana (SOL) and Solana Program Library (SPL) tokens on Wednesday. Ecosystem participants and security firms are assisting in uncovering the intricacies of the event. Solana has worked closely with Phantom and Slope.Finance, the two Solana-based wallet providers that had user accounts affected by the exploits. It has since emerged that some of the private keys that were compromised were directly tied to Slope. Blockchain audit and security firms Otter Security and SlowMist assisted in ongoing investigations and unpacked their findings in direct c...
As the dust settles from yesterday’s Solana ecosystem mayhem, data is surfacing that wallet provider Slope is largely responsible for the security exploit that stole crypto from thousands of Solana users. Slope is a Web3 wallet provider for the Solana layer-1 (L1) blockchain. Through the Solana Status Twitter account on Aug. 3, the Solana Foundation pointed the finger at Slope stating that “it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications.” After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications. 1/2 — Solana Status (@SolanaStatus) August 3, 2022 Solana co-founder Anatoly Yakovenko also linked Slop...