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Solana and several other platforms linked to the blockchain were investigating an apparent hack that affected at least 7,767 digital wallets.⁠ ⁠ The Solana Foundation, a non-profit focused on the growth and security of the Solana network, told the Financial Times that it ‘does not appear’ that the exploitation had affected its core infrastructure, but rather was caused by a bug ‘in software used by several wallets popular among Solana users’. ⁠ ⁠ The apparent hack marks a fresh setback for the network, which has been touted as one of the potential long-term winners of the crypto industry because it was built to handle thousands of trades a second, but has faced a series of outages in recent months. The Solana Foundation said that ‘engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets on Solana’. ⁠ ⁠ In many recent crypto hacking episodes, users have not received their funds back since transactions typically cannot be reversed on blockchains.⁠ ⁠ Tap the link in our bio to read more about the setback.⁠ ⁠ 📷️: Gabby Jones/Bloomberg⁠ ⁠ #FT #financialtimes #solana #crypto #blockchain #digitalwallet ⁠
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