How did hackers steal $4.17 million from Solana wallets in 30 days?
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How did hackers steal $4.17 million from Solana wallets in 30 days?
These scammers also employ anti-simulation measures to conceal changes in the victims' wallet balances.
Navigating Web3 tides with focused insightsSource: Bitcoinist
Compiled by: Blockchain Knight
Blockchain security platform Scam Sniffer has disclosed a new wave of sophisticated phishing attacks targeting the Solana ecosystem in a recent report.
The report stated that over the past 30 days, these Solana wallet thieves have stolen more than $4 million in user assets from over 4,000 victims.
In an X post on January 13, Scam Sniffer shared details about these new advanced attacks targeting Solana wallets. The "Web3 anti-fraud platform" noted that phishing attacks against the Solana network typically revolve around direct asset transfers and exploiting vulnerabilities in transaction simulations.
They also highlighted two key fraudsters behind this wave of attacks: Rainbow Drainer and Node Drainer.
According to Scam Sniffer, Rainbow Drainer was first detected on December 16, 2023, after one of its victims reported an airdrop phishing incident.
Rainbow Drainer tricks unsuspecting users into approving certain malicious transactions to steal funds. Additionally, these scammers employ anti-simulation measures to conceal changes in victims' wallet balances.
Citing data from Dune Analytics, Scam Sniffer reported that Rainbow Drainer has attacked 2,189 Solana users, stealing $2.14 million in assets.
According to Scam Sniffer's report, the Solana Node Drainer began operating during Christmas. The "Web3 anti-fraud platform" said that over the past two weeks, this scammer has stolen tokens worth $2.03 million from 1,759 victims.
Scam Sniffer also noted that among these stolen assets, Node Drainer has already exchanged some crypto stablecoins for ETH via AllBridge, profiting over $1 million.
The security platform warned all crypto asset users to remain vigilant against these attackers and described the blockchain space as a "dark forest".
For many investors, businesses, and nations worldwide, scams, hacks, and fraud remain pervasive issues within the crypto asset landscape.
According to a report by financial publication CFO, crypto asset scammers and hackers caused approximately $1.8 billion in losses in 2023 alone.
While this figure represents a 51% decrease compared to the $4 billion in losses reported in 2022—a commendable improvement—the security infrastructure of the digital asset ecosystem still requires further enhancement.
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