Solana-based wallet Slope released a statement regarding the massive Exploits in the Solana ecosystem, saying that the team is working with top external security and audit groups to conduct internal investigations and audits, and is working with developers, security experts, and protocols from throughout the ecosystem to work to identify and rectify the breaches. Slope recommended users to create a new wallet using new seed phrase, and transfer all assets to this new wallet. After the statement was released, Solana Status and Phantom wallet tweeted respectively that they thought the wallet draining incident was related to Slope. Solana Status said that "it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications." and "there is no evidence the Solana protocol or its cryptography was compromised."
Source Solana
Wallet
DeFi
Security Incidents
Get the most concise crypto news, research, and insights by subscribing to our free newsletter.