Crypto Hack Targets Solana, Drains Over 7,000 Wallets

Solana Touches $200 as Team Reveals Carbon-Neutral Year
  • The Solana network underwent a brutal crypto hack.
  • It drained over 7,000 wallets with over $6 million siphoned.
  • Community leaders share their thoughts on Twitter to engage the masses.

It does not look good for the web3 and crypto sector at the moment. The last few hours in particular saw the Solana network become a victim of a multi-million dollar hack. Indeed a devastating attack as over 7,000 wallets got drained. 

In detail, the hacker drained around $6 million by raiding 20 wallets per minute. At the moment, the details are still unclear to many as the attack happened quite recently and the network is still trying to get a handle on the situation. 

Amidst the chaos, the Founder and CEO of Ava Labs — Emin Gün Sirer, took to Twitter to address the masses. He informed the crypto community in a lengthy thread to explain what we know about the situation. 

As we can see from the lead Tweet above, Sirer begins by mentioning the amount of wallets that were affected and how many continue to fall victim to the attack. He then expresses his empathy towards the Solana community and stresses how attacks such as this affects the whole crypto space and not just one community. 

One possible explanation for the attack could be that the hacker got access to users’ private keys. Sirer says this could have happened via a ‘supply chain attack’. He recalls how IOTA went through a similar attack and barely recovered from it. 

He concludes by saying hardware wallets and CEXs seem unaffected so far and hopes that the Solana network and community can recover quickly. Responses to the thread show similar sentiments. 

Meanwhile, some replies take the opportunity to point out how this can never happen with Bitcoin and that makes the pioneer digital currency better than all the rest. Suffice to say, the crypto realm has had a hard week, just yesterday Nomad Token Bridge was drained of nearly $200 million.

disclaimer read more

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.