Hackers have launched yet another attack on crypto funds with 8,000 wallets in the Solana blockchain network being drained of over $5.2 million.
This is only the latest hack hitting crypto wallets. Earlier this week, Nomad, a blockchain bridge, experienced a $200 million hack. Both Solana and Nomad have acknowledged the hacks but do not have answers on where the attacks are coming from.
Solana’s co-founder, Anatoly Yakovenko, speculates that the attack could be connected to Andriod and iOS apps. He called on Apple and Google to provide more secure sign-in and recovery capabilities for their users in a tweet.
Crypto hacks are becoming more common as hackers can easily spot and exploit errors in the open-source coding. Users have been advised to move their resources to a “cold” hardware wallet to protect their assets.