Thousands of Solana crypto wallets drained in latest hack

Just days after crypto startup Nomad was drained of around $200M in a bridge hack, the Solana ecosystem is now coming under attack as nearly 8K digital wallets have been compromised, according to a Twitter post by Solana Status on August 2. Over the past 24 hours, solana (SOL-USD) tokens dropped as much as 8% to $38.06 immediately after the word got out, now down 5.5% to $39.89 as of shortly before 12:30 p.m. ET. "An exploit allowed a malicious actor to drain funds from a number of wallets on Solana. As of 5am UTC approximately 7,767 wallets have been affected," Solana Status wrote. The exploit impacted wallets ranging from Slope to Phantom.The root cause of the attack as well as the figure of how much was stolen is still unknown, though it seems to have mostly affected mobile wallet users. "Do not reuse your seed phrase on a hardware wallet - create a new seed phrase," Solana Status warned in a follow-up tweet. The Phantom team on Tuesday evening wrote in a Twitter post that they don't suspect the ongoing exploit is a Phantom-specific issue. In June, Harmony blockchain disclosed $100M theft from Horizon crypto bridge.