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Slope denies involvement in hacking Solana users' cryptocurrency wallets

9:43 pm, August 12, 2022

The team of the cryptocurrency wallet Slope Wallet has published its own research into the causes of the hacker attack on 9232 Solana user addresses — Slope said it was not involved in the cyberattack.

According to Slope Wallet representatives on their official website, SlowMist and OtterSec experts found no connection between the wallet’s vulnerability and the hacking of the addresses. It is worth noting that the official number of hacked wallets is 9232, which exceeds the amount of data that Slope transmitted to the Sentry server that monitors errors in the system. Slope also found a bug that inadvertently stored wallet owners' seed phrases in plain text, but hackers did not have access to this information. This could be the reason for the hack.

At the time of writing, Solana representatives have not commented on Slope’s report, but it is clear that the investigation into the causes of the cyberattack is not yet complete.

Earlier, the Solana team was found not to be involved in the hacking of users' cryptocurrency wallets — then representatives of Slope and Phantom wallets were called guilty. According to researchers of the Point Network platform, the exploit affected only the addresses that were created, imported, or used in the Slope and Phantom mobile applications. Accordingly, there was no bug in the core code of the Solana blockchain, and every user who has ever imported a passphrase into Slope can consider it compromised.

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