Solana users ‘stunned’ after losing life time savings to crypto attack

“Till yesterday, everything was ordinary. I even used Phantom (Solana-based crypto wallet) for making a transaction last night,” Wade Green, a Solana community member who lost more than $10,000 in crypto told indianexpress.com that he is “stunned”, after losing his life savings. The Solana blockchain appears to be the victim of the latest crypto theft with thousands of users reporting their funds being drained without their knowledge.

Data from Blockchain auditor firm OtterSec reveals that the attackers have managed to siphon off more than $5 million so far. Solana is a blockchain that works on the Proof-of-Stake (PoS) algorithm and is widely regarded as an eco-friendly token.