Multimillion-dollar Solana crypto theft linked to Slope mobile wallet

Illustration by Alex Castro / The Verge

Earlier this week, thousands of crypto wallets connected to the Solana ecosystem were drained by attackers who used owners’ private keys to steal both Solana (SOL) and USD Coin (USDC). Solana now says that, after an investigation “by developers, ecosystem teams, and security auditors,” it’s linked the attack to accounts tied to the Slope mobile wallet app.

A chart set up on Dune to track the attacks tallies the amount of crypto stolen at just over $4 million, taken from over 9,000 unique wallets.

Slope Finance, which calls itself “the easiest way to discover web3 applications from one secure place,” has issued a statement advising all Slope users to create “a new and unique seed phrase wallet, and transfer all assets to this new wallet.”…

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Author: Richard Lawler