News BYT: Solana Hack Blamed on Mobile Wallet

in crypto •  2 years ago 

Solana Hack Blamed on Slope Mobile Wallet Exploit

Thousands of Solana users collectively lost about $4.5 million worth of SOL and other tokens from Tuesday night into early Wednesday, and now there’s a likely explanation for why: it’s being blamed on a private key exploit tied to mobile software wallet Slope.

You can follow the forensic investigation on Solana's Twitter account:

Mobile crypto wallets... mmm... so convenient.

This comment regarding Ledger wallets is to the point:

Connecting a secure system to an insecure system can lead to a breach of said security.

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