A Major Crypto Hack: More Than 7900 Solana Wallets targeted

The generally notorious crypto crash isn’t the main thing that is perilous to the crypto market this moment, hackers are also at loose and are hacking into probably the most very much rumored crypto startups and companies. Simply this Wednesday, hackers targeted the Solana crypto platform and affected thousands of crypto wallets and other digital assets.
As per estimates, $5.2 million dollars have been taken from 7900 wallets yet, well that is an astounding number, in any case, adding to the shock ‘PeckShield’ a blockchain security company demonstrated that only four Solana wallets had the option to empty around $8 million out of the attack victims.
So, who is behind this, and what was the root cause of this attack? All things considered, regardless of weighty investigations no root cause has been found. Tom Robinson co-founder of Elliptic’s (a blockchain forensic firm) said that “It appears to be due to a flaw in certain wallet software, rather than in the Solana blockchain itself.”
Solana not long after the attack on its blockchain, approached on Twitter and reported that there is no proof accusing Solana’s protocol, safety, and that the hacking took place because of some external reasons. Startups funded by the Solana ventures have also suffered at the hands of this attack. ‘Slant’, a startup that as of late brought $8 million in a funding round headed by Solana ventures revealed that a group of their wallets has been impacted, both their founders and employees have lost huge sums from their wallets. Aside from stealing tokens from crypto wallets, the hackers are also reported to have stolen a bunch of NFTs from different user accounts.
With the development of crypto, we are seeing a rising number of hacking attacks on crypto based businesses have likewise expanded, only days before a bridge protocol crypto transfer got hacked and lost over $200 million.
Aside from causing Solana some big losses, the hacking also caused the SOL token to decrease its value by a massive 7.3% and come down to its all week low of $38.40.