The Solana ecosystem has experienced a crypto exploit, with users reporting that their funds have been drained without their knowledge across a number of Solana-based hot wallets, including Phantom, Slope and Trust Wallet.
So far, both Phantom and Magic Eden have commented on the issue. Magic Eden confirmed the reports by stating that it “seems to be a widespread SOL exploit at play that’s draining wallets throughout the ecosystem.” Meanwhile, it called on users to revoke permissions for any suspicious links in their Phantom wallets.
“We are working closely with other teams to get to the bottom of a reported vulnerability in the Solana ecosystem. At this time, the team does not believe this is a Phantom-specific issue. As soon as we gather more information, we will issue an update,” Phantom tweeted on August 3.
Twitter user “Paladin” has been following the incident closely. “Some exploit either with Phantom or Magic Eden drained 6milion in like 10 mins literally every phantom wallet getting compromised, not sure if any other wallets too,” the user wrote.
According to Solana’s latest update, there is no evidence that hardware wallets have been impacted.