Reading Time: 2 minutes

Last week the crypto market was surprised by a hacker attack targeting wallets with tokens created on the Solana network. In total, more than US$ 150 million was stolen.

The hack transferred wallet balances to crypto asset wallets, resetting users’ balances to zero. After an investigation, network developers discovered a vulnerability that affected 8,000 wallets.

The hacker attack managed to access the bridge of the Solana Nomad network, which lost more than US$ 150 million from the hack. In addition, users of digital wallets such as Slope, Phantom, and Trust Wallet were affected.

The hacker gained access to users’ wallets who held tokens created on the Solana network through smart contract signatures. The platform developers discovered the hack, who initially said that the access happened through the Slope digital wallet.

 As a result, in a post released on Twitter on August 3, 2022, the profile Solana Status confirmed the source of the problem that hacked 8 thousand digital wallets.

“After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications.”

Solana wallet balances recovered

 Nomad bridge reported that it lost more than US$ 150 million in tokens from the Solana network by hacking into wallets that had a connection to the platform. In a recently released update, Nomad states that more than US$ 36 million has been recovered.

Nomad has released the balance of tokens that have been returned from the hacker attack. As of this Monday (8), US$ 36.2 million in crypto assets have returned to the wallets of 41 investors, says the Solana network’s Twitter bridge.

 “We have been working hard behind the scenes to coordinate the return of funds, but many bad actors are trying to take advantage of people in these difficult times.” 

The hack took place in hot wallets, which had balances in tokens stored at Solana network. Access to investors’ devices has been completed by allowing connection to applications that are part of the platform, such as the Nomad bridge.