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Home»Scams»New Phishing Scams on Solana (SOL) Have Stolen Over $4,000,000 in Crypto Assets: Security Firm
New Phishing Scams on Solana (SOL) Have Stolen Over $4,000,000 in Crypto Assets: Security Firm
Scams

New Phishing Scams on Solana (SOL) Have Stolen Over $4,000,000 in Crypto Assets: Security Firm

2024-01-16No Comments3 Mins Read
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New information from a cybersecurity agency reveals that current phishing scams over sensible contract platform Solana (SOL) have stolen over $4 million in crypto property.

In a brand new weblog publish, safety agency Rip-off Sniffer says that previously month alone, dangerous actors have been in a position to exploit $4.17 million price of digital property from about 4,000 victims over the Solana blockchain by utilizing varied phishing strategies.

“Rip-off Sniffer first turned conscious of them when a sufferer reported an airdrop phishing incident to [SlowMist founder] evilcos. The sufferer, a holder of ZERO tokens, opened a phishing web site linked to an NFT (non-fungible token) that was airdropped, which led to the theft of property after signing a malicious transaction…

The focused customers, holders of ZERO tokens, have been airdropped the phishing NFTs. Curiosity led customers to open the phishing web site, and even when confronted with a message indicating that the simulation failed, they confirmed the transaction. Nevertheless, the small print of the transaction have been hidden, and signing it resulted within the theft of property.”

In response to Rip-off Sniffer, the preliminary hack hauled in a mixed $2.14 million price of memecoins Bonk (BONK) and ANALOS and Analysoor (ZERO) amongst others.

Supply: Rip-off Sniffer

The second volley of exploits noticed a haul of about $2.02 million price of ANALOS, BONK, and Foolish Dragon (SILLY), one other meme asset, in addition to decentralized wi-fi telephone community Helium Cellular (MOBILE).

Supply: Rip-off Sniffer

The cybersecurity agency goes on to notice that hacks over SOL can solely be initiated by direct transaction/signature confirmations and that scammers are frequently bettering their strategies.

See also  US Lawmakers Accuse Founders of Digital Asset Firm of Working With Chinese Communist Party

”Not like most thefts on Ethereum, that are as a consequence of malicious approval points, nearly all of phishing signatures on Solana contain initiating direct transfers. Though Solana helps transaction simulation, we additionally see strategies that exploit anti-simulation and pretend simulation outcomes to confuse customers and enhance the chance of malicious signatures…

As you’ll be able to see, the phenomenon of pockets drainers is frequently increasing, and the blockchain is sort of a darkish forest. With only one signature affirmation, you could possibly lose all the pieces, as these scammers are always perfecting their strategies of contacting and deceiving victims at each step.

You will need to keep alert to make sure that you don’t change into the following sufferer.”

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