Solana wallets are under attack. Does this affect the price of SOL?

Solana is facing another problem that attacks token users. The virus spreads through NFT's loyalty programmes (airdrops), claiming to be a Solana Phantom security update.

Through NFT to Solana wallet

Following the hacking attacks on Solana Phantom wallets, which exploited the project's system in August (a bug in the code), another attack on the security of network users is taking place.

For at least two weeks, unknown hackers have been carrying out so-called airdrops, or promotional campaigns in which NFTs can be won for Solana (SOL) users. The NFTs being distributed are titled 'PHANTOMUPDATE.COM' and 'UPDATEPHANTOM.COM', which, when opened, display information about a security update. However, instead of a new version of the software, users install a virus which then steals the tokens.

Additionally, the message informs users that failure to update could result in "loss of funds due to hackers using the Solana exploit". This message most likely refers to an earlier hacking attack in August, which made waves in the crypto world. The result was the loss of $8 million from around 8,000 wallets.

The virus is installed via a script from the GitHub developer site. It then attacks browser information such as history, cookies, passwords, SSH codes and other user information. Users with a wallet added to their browser appear to be the most vulnerable.

The Solana chart shows the plunge following the hacking attack in August. The current attack seems unlikely to have the same magnitude.

Author Bio

Daniel Kostecki is an award-winning senior market analyst and a Director of the Polish branch of Conotoxia Ltd. He is a victor of the FxCuffs statuette for “Blog of the Year” and “Personality of the Year”. He has 15 years of experience on the financial markets and a diploma in Economics from the University of Szczecin in Poland. Daniel isprivatelyconnected to the financial markets since 2007 and professionally - since 2010. Author of numerous commentaries and analyses of the situation on the financial markets and a guest on Polish TV, press and radio.