Another setback for Solana as users lose $8 million in assets following the latest exploit

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Another setback for Solana as users lose $8 million in assets following the latest exploit
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According to the Twitter account Solana Status, which has been providing updates on the situation,"approximately 7,767 wallets" have been drained by the attack and should now be considered"compromised, and abandoned." Multiple security analysts and Solana co-founder Anatoly Yakovenko have speculated that this was a supply chain attack that allowed hackers to gain access to private keys.

As the attack unfolded, the price of Solana dipped 11.78% from a daily high of $42.46 on Aug. 2 to a low of $37.44 in the early hours on Aug. 3, but has since climbed back above support at $40.00.This latest exploit is the most recent in a series of setbacks for Solana and the cryptocurrency ecosystem as a whole.

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