Solana wallets are under attack. Does this affect the price of SOL?

11.10.2022 14:04|Conotoxia Ltd Analyst Team

Solana is facing another problem that attacks token users. The virus is spreading through NFT's loyalty programmes (airdrops), claiming to be a Solana Phantom security update.

Through NFT to Solana wallet

Following the hacking attacks on Solana Phantom wallets, which exploited the project's system in August (a bug in the code), another attack on the security of network users is taking place.

For at least two weeks, unknown hackers have been carrying out so-called airdrops, or promotional campaigns in which NFTs can be won for Solana (SOL) users. The NFTs being distributed are titled 'PHANTOMUPDATE.COM' and 'UPDATEPHANTOM.COM', which, when opened, display information about a security update. However, instead of a new version of the software, users install a virus which then steals the tokens.

Additionally, the message informs users that failure to update could result in "loss of funds due to hackers using the Solana exploit". This message most likely refers to an earlier hacking attack in August, which made waves in the crypto world. The result was the loss of $8 million from around 8,000 wallets.

The virus is installed via a script from the GitHub developer site. It then attacks browser information such as history, cookies, passwords, SSH codes and other user information. Users with a wallet added to their browser appear to be the most vulnerable.

Cena Solany (SOL), daily candles

solana

Source: Conotoxia MT5

On the Conotoxia MT5 platform at 13:00 GMT+3, Solana is losing 3.7%. The chart shows the plunge that followed the aforementioned hacking attack in August. The current attack seems unlikely to have the same magnitude.

Rafal Tworkowski, Junior Financial Markets Analyst, Conotoxia Ltd. (Cinkciarz.pl investment service)

The above trading publication does not constitute an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of 16 April 2014. It has been prepared for information purposes and should not form the basis for investment decisions. Neither the author of the study nor Conotoxia Ltd. accepts any responsibility for investment decisions made on the basis of the information contained in this publication. Reproduction or reproduction of this study without the written consent of Conotoxia Ltd. is prohibited.

 

 

 
 

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