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Solana (SOL) Points The Finger At Slope Finance For $8M Hack

The Solana (SOL) hack yesterday already has a body count of over 8,000 wallets Devs and crypto analysts confirmed the breach is not directly related to SOL...
Solana (SOL) Points The Finger At Slope Finance For $8M Hack Solana (SOL) Points The Finger At Slope Finance For $8M Hack

  • The Solana (SOL) hack yesterday already has a body count of over 8,000 wallets
  • Devs and crypto analysts confirmed the breach is not directly related to SOL blockchain
  • Mobile wallet provided by Slope Finance reportedly leaked the seed phrases due to software flaw

Entering day two of the shocking hack on the Solana (SOL) blockchain which raided at least 8,000 wallets and looted over $8 million, the engineers behind Solana diagnosed that the affected wallets were first created or imported on Slope mobile wallet.

A Piece of Advice from Solana’s Co-Founder

Commenting on the situation, Solana’s co-founder Anatoly Yakovenko labelled the attacker as ‘lazy at driving all the paths’. Most importantly, Mr. Yakovenko didn’t beat around the bush and strongly recommended regenerating the seed phrase for any user who ‘touched’ Slope mobile wallet.

Apparently, the trouble began when Slope’s mobile wallet sent the seed phrases in plain text to a third party external integration partners. As previously reported, Phantom users were also among the hardest-hit ones, but that happened because of the imported phrases from Slope. What’s more, the compromised wallets on Ethereum (ETH) blockchain also suffered as a result of the reused seed phrases on Slope wallet.

As if that wasn’t enough, some crypto analysts believe that Slope might have logged their clients’ seed phrases on a centralized server, which would explain the $6 million exploit in a period of 10 minutes. Even though the investigation is ongoing, the developers and the ecosystem teams of Solana confirmed that the staggering $8M exploit is not to be blamed on the blockchain itself.

Solana (SOL) Price Barely Affected

At press time, the 9th cryptocurrency by market cap, Solana (SOL), trades at $38.92, according to CoinGecko. Slightly in the red for the past week, SOL still has yearly gains in double digits at 13.5%.

On the Flipside

  • Solana brings Web3 and real world together in the new blockchain embassy in New York

Read more about recent exploits in crypto: the $190M Nomad Bridge drain

Continue reading on DailyCoin

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16-08-2022 19:51:44 (UTC+7)

EUR/USD

1.0139

-0.0021 (-0.21%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

EUR/USD

1.0139

-0.0021 (-0.21%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

GBP/USD

1.2036

-0.0018 (-0.15%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

USD/JPY

134.65

+1.33 (+0.99%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

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AUD/USD

0.6999

-0.0023 (-0.33%)

Summary

↑ Sell

Moving Avg:

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USD/CAD

1.2899

-0.0006 (-0.04%)

Summary

Buy

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Buy (8)

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EUR/JPY

136.51

+1.05 (+0.78%)

Summary

↑ Buy

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Buy (8)

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EUR/CHF

0.9645

+0.0031 (+0.32%)

Summary

↑ Buy

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Gold Futures

1,787.20

-10.90 (-0.61%)

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↑ Sell

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Silver Futures

19.880

-0.392 (-1.93%)

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↑ Sell

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Copper Futures

3.6130

-0.0045 (-0.12%)

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↑ Sell

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Crude Oil WTI Futures

89.45

+0.04 (+0.04%)

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↑ Sell

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Brent Oil Futures

94.94

-0.16 (-0.17%)

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↑ Sell

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Natural Gas Futures

9.235

+0.507 (+5.81%)

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↑ Buy

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US Coffee C Futures

224.40

-1.10 (-0.49%)

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Neutral

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Euro Stoxx 50

3,791.45

+1.83 (+0.05%)

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↑ Sell

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Buy (0)

Sell (12)

Indicators:

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Sell (9)

S&P 500

4,297.14

+16.99 (+0.40%)

Summary

Neutral

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DAX

13,843.23

+26.62 (+0.19%)

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↑ Sell

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FTSE 100

7,551.60

+42.45 (+0.57%)

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↑ Sell

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Sell (12)

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Sell (6)

Hang Seng

19,830.52

-210.34 (-1.05%)

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↑ Buy

Moving Avg:

Buy (10)

Sell (2)

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Buy (9)

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US Small Cap 2000

2,020.40

+7.30 (+0.36%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Buy (7)

Sell (1)

IBEX 35

8,487.50

+60.50 (+0.72%)

Summary

↑ Sell

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Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (9)

BASF SE NA O.N.

44.182

+0.122 (+0.28%)

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↑ Sell

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Buy (1)

Sell (11)

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Buy (1)

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Bayer AG NA

54.03

+0.47 (+0.88%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

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Buy (1)

Sell (9)

Allianz SE VNA O.N.

179.58

+0.80 (+0.45%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

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Buy (0)

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Adidas AG

170.34

-2.60 (-1.50%)

Summary

↑ Sell

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Deutsche Lufthansa AG

6.727

-0.007 (-0.10%)

Summary

Buy

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Buy (6)

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Siemens AG Class N

111.24

-0.96 (-0.86%)

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Deutsche Bank AG

9.005

+0.063 (+0.70%)

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Moving Avg:

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Sell (7)

 EUR/USD1.0139Neutral
 GBP/USD1.2036Neutral
 USD/JPY134.65↑ Buy
 AUD/USD0.6999↑ Sell
 USD/CAD1.2899Buy
 EUR/JPY136.51↑ Buy
 EUR/CHF0.9645↑ Buy
 Gold1,787.20↑ Sell
 Silver19.880↑ Sell
 Copper3.6130↑ Sell
 Crude Oil WTI89.45↑ Sell
 Brent Oil94.94↑ Sell
 Natural Gas9.235↑ Buy
 US Coffee C224.40Neutral
 Euro Stoxx 503,791.45↑ Sell
 S&P 5004,297.14Neutral
 DAX13,843.23↑ Sell
 FTSE 1007,551.60↑ Sell
 Hang Seng19,830.52↑ Buy
 Small Cap 20002,020.40↑ Buy
 IBEX 358,487.50↑ Sell
 BASF44.182↑ Sell
 Bayer54.03↑ Sell
 Allianz179.58↑ Sell
 Adidas170.34↑ Sell
 Lufthansa6.727Buy
 Siemens AG111.24↑ Sell
 Deutsche Bank AG9.005↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,580/ 6,680
(-10/ -10) # 1,639
SJC HCM6,600/ 6,700
(-10/ -10) # 1,659
SJC Hanoi6,600/ 6,702
(-10/ -10) # 1,661
SJC Danang6,600/ 6,702
(-10/ -10) # 1,661
SJC Nhatrang6,600/ 6,702
(-10/ -10) # 1,661
SJC Cantho6,600/ 6,702
(-10/ -10) # 1,661
Cập nhật 16-08-2022 19:51:46
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ↀ Giá vàng thế giới
$1,775.14-3.34-0.19%
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Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$89.15-1.35-1.54%
Brent$94.53-1.57-1.69%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.230,0023.540,00
EUR23.145,5524.441,71
GBP27.456,8428.627,78
JPY171,08181,12
KRW15,4318,80
Cập nhật lúc 18:54:08 16/08/2022
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