Over $4 Million Stolen From Solana Wallets In Sophisticated Phishing Attacks – Report

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In a current report, blockchain safety platform Rip-off Sniffer has revealed that there’s a new wave of subtle phishing assaults within the Solana ecosystem. The report said that these Solana pockets drainers have now stolen over $4 million in consumer property from 4,000 victims within the final 30 days.

Rip-off Sniffer Raises Alerts Over New Solana Phishing Scams

In an X submit on January 13, Rip-off Sniffer shared data on these new subtle assaults geared toward Solana wallets. The “Web3 Anti-scam platform” said that phishing assaults on the Solana community typically focus on direct asset switch and exploiting vulnerabilities in transaction stimulations.

Additionally they highlighted the 2 scammers behind these waves of assaults, particularly the Rainbow Drainer and the Node Drainer. In response to Rip-off Sniffer, its earliest discovery of the Rainbow Drainer was on December 16, 2023 after certainly one of their victims filed a report of an airdrop phishing occasion.

1/ 🚨 Over $4M in property have been stolen by subtle Solana pockets drainers, and almost 4k customers have fallen sufferer to those phishing assaults previously month. pic.twitter.com/qyNQthr7Wk

— Rip-off Sniffer | Web3 Anti-Rip-off (@realScamSniffer) January 13, 2024

The Rainbow Drainer steals from unsuspecting customers who unknowingly approve malicious transactions. As well as, these scammers make use of anti-simulation measures which conceal alternations within the pockets stability of their victims. Utilizing information from Dune Analytics, Rip-off Sniffer stories that the Rainbow Drainer has struck 2,189 Solana customers, looting $2.14 million in property. These embody $465,817 BONK, $173,382 ZERO, $165,932 USDT, $116,612 mSOL, and $93,266 USDC amongst others.

The Solana Node Drainer started operation in the course of the Christmas interval, in keeping with Rip-off Sniffer’s report. The “Anti-Rip-off” platform states that this scammer has now snatched $2.03 million price of tokens from 1,759 victims within the final two weeks. The stolen property embody 638,644 ANALOS, $325,432 BONK, $93,987 SILLY, and $80,329 USDC amongst others. Of this loot, Rip-off Sniffer additionally famous that the Node Drainer has already swapped some USDC for ETH by way of the AllBrigde, recording over $1 million revenue.

The safety platform admonishes all crypto customers to remain vigilant and pay attention to these attackers, describing the blockchain area as a “darkish forest.”

Conflict Towards Crypto Theft Continues

Scams, hacks, and fraud nonetheless stay a common concern within the crypto area for a lot of traders, companies, and nations worldwide. In response to a report by the finance-focused publication CFO, about $1.8 billion alone was misplaced to crypto fraudsters and hackers in 2023. Whereas this determine represents a commendable 51% decline from the $4 billion loss reported in 2022, there’s nonetheless a necessity for improved safety methods within the digital asset ecosystem

On the time of writing, the crypto whole market cap is valued at $1.64 trillion, with a 1.88% acquire within the final week. The market chief’s Bitcoin is at present down by 0.17% within the final hour, buying and selling at 42,767. 09.