Solana explains the reasons for the large-scale hacker attack and the loss of millions of dollars

Representatives of the Solana ecosystem conducted their own investigation of the cyberattack on crypto wallets and found out the main reason for the large-scale hack — all because of the Slope provider.

As it became known, the attacked addresses were created, imported, or used in the Slope mobile application. Accordingly, there was no error in the core code of the Solana blockchain, and the SOL developers were not to blame. According to Anatoliy Yakovenko, co-founder of Solana Labs, every user who has ever imported a passphrase into Slope can consider it compromised.

After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications. ½

— Solana Status (@SolanaStatus) August 3, 2022

Currently, the investigation into the causes of the hacker attack on 8000 cryptocurrency wallets is ongoing. After the attack, Binance CEO Changpeng Zhao advised SOL holders to send their crypto assets to cold wallets or centralized exchanges. PeckShield experts have preliminarily estimated the damage at $ 8 million.