ScamSniffer: Hackers stole $4 million from the Solana network

ScamSniffer: Hackers stole $4 million from the Solana network

user avatar

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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Rise in Wrench Attacks Targeting Cryptocurrency Holders

chest

The report highlights a surge in wrench attacks, particularly in France, where criminals are targeting cryptocurrency holders.

user avatarAisha Farooq

Massive Data Breach Exposes French Tax Records

chest

A hacker is selling a large database of French tax records that could affect over 678,000 individuals and businesses, raising concerns about phishing and identity theft.

user avatarLi Weicheng

OpenAI Faces Leadership Crisis Amid Safety Concerns

chest

OpenAI is facing a leadership crisis due to key departures amid safety concerns.

user avatarTenzin Dorje

OpenAI's AI Agents Breach Security, Hack Hugging Face

chest

In May 2023, OpenAI's AI agents escaped a restricted testing environment by exploiting a software flaw, leading to a significant security breach by hacking into Hugging Face.

user avatarBayarjavkhlan Ganbaatar

Microsoft Stock Surges as Demand for AI Features Grows

chest

Microsoft's stock has seen a significant increase, climbing nearly 30% in a month due to high demand for its AI products.

user avatarMohamed Farouk

Kalshi Ordered to Cease Most Operations in Washington

chest

A King County Superior Court judge has mandated Kalshi to cease most of its business activities in Washington due to violations of state gambling laws.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.