Solana

Bonk

<p>A recent phishing attack targeting a Solana user has resulted in significant losses. As per Scam Sniffer, a <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> anti-scam platform, the Soalna user reportedly lost nearly $40,000 in $BONK and <a href="https://blockchainreporter.net/price-prediction/solana-price-prediction/" rel="noopener noreferrer nofollow">$SOL</a> tokens with the incident taking place on the 24th of October. The anti-scam platform took to social media to discuss the impact of the phishing attack.</p><h2 id="header-0">Recent Phishing Attack on Solana User Lets the Attacker Drain the Wallet</h2><p>In its latest X post, Scam Sniffer pointed out that the Solana phishing attack denotes vulnerabilities in signing blockchain transfers. The victim experienced the phishing attack while endeavoring to sign a seemingly standard request for signature. Nonetheless, this innocuous interaction maliciously gave control to the attacker who drained the wallet. Hence, this attempt resulted in a compromise on the $SOL holdings and token accounts of the victim.</p><p>In Solana, someone can get unapproved control over a victim’s assets if the victim signs the transaction or grants access. This makes it critical for consumers to comprehend the risks that the signature requests pose. Solana’s exclusive characteristics include a swift block speed, contributing to the network efficiency, nevertheless, it can pose some risks. Scam Sniffer asserted that the respective speed difference develops a break between the on-chain state and the wallet simulation state.</p><h2 id="header-1">Scam Sniffer Encourages Solana Users to Scrutinize Access Requests and Double-Check Transactions</h2><p>The respective attack vector does not appear new. Formerly, some other such cases have also been reported. These scams exploited the simulation and on-chain differences. According to Scam Sniffer, Solana users need to stay away from signing requests coming from suspicious or unfamiliar sources. Additionally, they need to double-check transactions before authorizing a strange access request. Moreover, <a href="https://solana.com/" rel="noopener noreferrer nofollow">Solana</a> encourages users to scrutinize applications and sites that request access, because phishing scams mostly originate from compromised or fake websites.</p>

Solana Phishing Attack Results in a Loss of $40,000 in $BONK and $SOL Tokens

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