An attacker targeting the solana cryptocurrency ecosystem drained funds from thousands of wallets in an incident that could draw increased regulatory scrutiny to digital assets, the Wall Street Journal reported. By 1 a.m. ET Wednesday, an unknown actor exploited a flaw to drain cryptocurrencies from 7,767 wallets where crypto holders store their funds, according to the Solana Foundation, a nonprofit that supports the network. The attack affected several wallet providers, including Slope and Phantom. While the total value of the assets stolen was unclear, blockchain security firm PeckShield estimated the loss to be $8 million. The details of the attack were unknown. Both wallet providers said on Twitter that they were working to fix the issue. “At this time, the team does not believe this is a Phantom-specific issue,” the company said. On both platforms, users reported losing their solana tokens and that of stablecoin USDC, whose value is pegged to the U.S. dollar. (Subscription required.)
