Yugocean
Valued Contributor
Despite the Solana platform's rigorous security measures, a wallet hack has caused the loss of thousands of native SOL and stable USDC token that had been sitting idle for six months.
The reasons are unknown, however, hack of private key access means the private keys of wallets has been leaked, insecure browser extensions are thought to be the main cause. Yet, nothing can be ruled out.
Recently the Nomad cross-chain bridge and the Phantom and Slope wallets being completely wrecked. The crypto community is shocked as a result. On the edge of being impacted are other wallets.
People were previously encouraged to migrate their assets to private key wallets when Celsius, Voyager, and other centralized services become bankrupt; now, with Solana Wallet, everyone is affected and advised to move their funds to cold storage or hardware wallet.
It is suggested that those who are unable to use hardware wallets, should transfer their assets to a reliable CEX like FTX and Binance.
