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Cryptocurrency Solana topped the top of the most popular cryptocurrencies, despite the hacker attack

7:52 pm, August 4, 2022

Solana has become the most popular cryptocurrency over the past 24 hours, despite a cyberattack on the Solana ecosystem that resulted in about 8,000 wallets losing a total of $ 8 million.

According to CoinMarketCap, SOL has become a leader in the list of cryptocurrency trends and, at the time of writing, is trading at $ 38.64, down 3% in 7 days. Thus, SOL has outperformed tokens: Seedify. fund (SFUND), LooBr (LOOBR), PancakeSwap (CAKE), and Terra (LUNA).

Interestingly, the value of Solana did not suffer much after the incident, despite the huge monetary losses of users. Thus, 8,000 wallets in the Solana network were affected by the cyberattack, which is still being addressed. Representatives of the Solana ecosystem conducted their own investigation into the cyberattack on crypto wallets and found out the main reason for the large-scale hack — all because of the Slope app.

The attacked addresses were created, imported, or used in the Slope mobile app. Accordingly, there was no bug in the Solana blockchain core code, and the SOL developers were not to blame.

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