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Solana Blockchain gets hacked! | 8000 wallets got affected in total, Around $8 million lost

What is Solana?

Solana is the fastest blockchain in the world and it's one of the fastest growing crypto ecosystems.

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Hacked!!!

The hackers were able to retrieve approx 8 million USD worth crypto currency, around 8000 hot wallets got hacked according to solana’s official twitter handle.

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While such attacks are common on the blockchain ecosystem, Solana has caught attention as its one of the cheapest and fastest growing blockchain for NFTs as well as Web3.0 projects.

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In the past, solana has suffered DDOS and bot spam attacks, the security of solana is a matter of concern as it is one of the fastest growing crypto ecosystems.

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Hardware wallets remained unaffected, Solana has advised their users to use hardware wallet, as they are safe as compared to software wallets.

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In the company’s twitter handle it was mentioned that, “This does not appear to be a bug with Solana core code, but in software used by several software wallets popular among users of the network.”

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Solana’s crypto phone is under development procedure, it’s going to be one of the first phone of its kind

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The phone will have flagship specifications along with that it’s going to have some unique features like apps developed over solana blockchain will be accessible on this device

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The device will also be equipped with nextgen security features and is good option for people who wants to store crypto currency and access web3.0 projects from smartphone itself

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