ScamSniffer: Hackers stole $4 million from the Solana network

ScamSniffer: Hackers stole $4 million from the Solana network

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by Max Nevskyi

3 years ago


According to information from ScamSniffer experts, there has been active hacker activity in the Solana network over the past month, aimed at stealing funds from users. It has been reported that cybercriminals deceived more than 4,000 account owners, stealing over $4 million in total. This was done through phishing attacks, during which criminals exploited vulnerabilities in transaction modeling to make direct fund transfers.

Scam Sniffer first noticed the actions of an anonymous hacker using the pseudonym Rainbow Drainer after receiving a report from one of the victims regarding a phishing incident related to an Airdrop. The analysis revealed that the attacker managed to steal approximately $2.14 million from 2,189 users. Another wallet known as Node Drainer was also actively involved in phishing attacks, siphoning off over $2 million in less than two weeks.

The address associated with Node Drainer was used to convert the stolen USDC into ETH through the AllBridge bridge, bringing the criminals more than $1 million in profit. Analysts noted that unlike Ethereum, phishing in the Solana network often involves direct transfers, exploiting vulnerabilities in the transaction modeling process.

Experts emphasize that the blockchain is a "dark forest" where fraudsters lurk and urge users to protect their digital assets by remaining vigilant and informed about potential threats.

Solana, a popular blockchain platform, was created in 2017 with the goal of providing scalability and high performance. Thanks to its unique architecture, Solana can process up to 65,000 transactions per second, significantly exceeding the capabilities of most other blockchains. This makes it ideal for deploying decentralized applications and gaming platforms, and Solana has established itself as one of the fastest and most efficient networks in the world of cryptocurrencies.

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