How hackers stole $4.17 million from Solana wallet in 30 days?

Source: Blockchain Knight

Blockchain security platform Scam Sniffer disclosed in a recent report that a new wave of sophisticated phishing attacks has emerged in the Solana ecosystem.

The report states that in the past 30 days, these Solana wallet thieves have stolen more than $4 million in user assets from 4,000 victims.

In an X post on January 13, Scam Sniffer shared information about these new sophisticated attacks against the Solana wallet. "Web3 Anti-Fraud Platform" stated: Phishing attacks against the Solana network usually revolve around direct asset transfers and exploiting vulnerabilities in transaction incentives.

They also highlighted two scammers behind these waves of attacks, Rainbow Drainer and Node Drainer.

According to Scam Sniffer, Rainbow Drainer was first discovered on December 16, 2023, after one of their victims submitted a report of an airdrop phishing incident.

Rainbow Drainer allows unsuspecting users to approve certain malicious transactions and steal funds. In addition, these scammers also use anti-impersonation measures to conceal changes in the victim’s wallet balance.

Citing data from Dune Analytics, Scam Sniffer reported that Rainbow drain has attacked 2,189 Solana users and robbed $2.14 million in assets.

According to reports from Scam Sniffer, the Solana Node Drainer became operational during the Christmas period. The "Web3 Anti-Fraud Platform" stated that in the past two weeks, the scammer has stolen tokens worth $2.03 million from 1,759 victims.

Scam Sniffer also noted that among the stolen goods, Node Drainer had exchanged some Crypto stablecoins for ETH through AllBrigde, making a profit of more than $1 million.

The security platform warned all Crypto asset users to remain vigilant against these attackers, describing the blockchain space as a "dark forest".

Scams, hacks, and fraud remain a common problem with Crypto assets for many investors, businesses, and countries around the world.

According to a report by "CFO", a publication focusing on the financial field, In 2023 alone, Crypto asset fraudsters and hackers caused losses of approximately US$1.8 billion.

While this figure is a commendable 51% decrease from the $4 billion reported losses in 2022, the security system of the digital asset ecosystem still needs to be improved.