There is a lot of information that some of the above applications Solana encountered a security hole, causing users to lose money.
Until 9 a.m. on August 3, Solana have not yet localized the vulnerability and determined the cause. In the face of various information flows, it has been advised that it is best for users to withdraw all funds from non-custodial wallets to a centralized exchange or to cold wallets for safety.
On the morning of August 3, the community cryptocurrency On Twitter, there are many reports that the Solana network may be experiencing a major security hole.
Many wallets have been discovered cryptocurrency was withdrawn massively, with a value of up to several million USD. However, there is still no official source to confirm the actual damage figure.
Massive exploit/drain going on with Solana seeing it live in Taiyo tons of people losing their whole balance out of no where.— Tom TYR》 (@SolportTom) August 2, 2022
Move everything to a ledger NOW.
Two wallets reported:
The source also confirmed that the vulnerability is related to the platform NFT Marketplace Magic Eden and Phantom Wallet, but no proof.
The official Magic Eden Twitter page acknowledges Solana is experiencing security issues across the ecosystem and advises users to deauthorize the Phantom wallet to protect themselves, indirectly acknowledging Phantom as a faulty platform.
🚨🚨🚨There seems to be a spread SOL exploit at play that's draining wallets throughout the ecosystem— Magic Ether (@MagicEden) August 3, 2022
Here's what you can do right now to best protect yourself
1. Go to >Settings on your @phantom wallet
2. >Trusted Apps
3. >Revoke Permissions for any suspicious links
The community also shared how to deauthorize (revoke) the Phantom wallet.
How to revoke on Phantom? Watch this and revoke fast!! pic.twitter.com/TPC1bexIyZ— Cryptorata (@Cryptorata) August 3, 2022
Meanwhile, Phantom is working with other projects in Solana to find vulnerabilities and claims to not believe its wallet product is the platform that is having issues.
We are working closely with other teams to get to the bottom of a reported vulnerability in the Solana ecosystem. At this time, the team does not believe this is a Phantom-specific issue.— Phantom (@phantom) August 3, 2022
As soon as we gather more information, we will issue an update.