fbpx
27.7 C
Washington

Solana is the latest target of a crypto hack just days after nearly $200 million was swiped in the Nomad bridge heist

  • Hackers targeted the Solana ecosystem early Wednesday, hitting over 8,000 wallets.
  • The company said on Twitter its engineers were investigating the origins of the hack.
  • The heist comes just days after hackers swiped nearly $200 million from the Nomad crypto bridge.

Solana was the latest target of hackers early Wednesday, just days after a heist of Nomad’s crypto bridge.

The company said on Twitter that the hack affected 7,767 wallets, while the origins of the hack are not yet known. Solana said engineers were working to find the root cause of the heist, which swiped $5.2 million in digital assets according to Bloomberg.

Solana is the latest crypto firm to be robbed in recent days. Solana’s native token is the ninth-largest cryptocurrency by market capitalization, and was down a little over 1% at presstime after falling as much as 7% earlier in the day.

The token’s performance has been dismal since the start of 2022, when it was trading at roughly $175. The cryptocurrency is down 77% year-to-date amid the broader rout in digital assets.

Meanwhile, bitcoin edged higher Wednesday, changing hands at $23,320.

Crypto hacks have become regular in 2022, highlighting security issues that still plague the sector. Nomad, a crypto bridge which allows users to transfer tokens across different blockchains, lost nearly $200 million to hackers on Monday. So far this year, $1 billion worth of crypto assets have been stolen from crypto bridges.

━ more like this

FBI report confirms Alec Baldwin pulled the trigger in fatal ‘Rust’ set shooting

The feds have all but concluded actor Alec Baldwin must have fired the weapon on the set of the movie “Rust” that killed cinematographer...

Elon Musk pitches lofty goals in a magazine run by China’s internet censorship agency

Elon Musk pitched sustainable energy, brain implants, and space exploration in an article published in a Chinese magazine run by the country’s...

Arctic warming 4 times faster than the rest of the world, study shows

Scientists have known the Arctic is warming faster than climate models show, but a new study just put into context how much worse the...

Idaho Supreme Court allows strict, near-total abortion ban to take effect

A near-total abortion ban can take effect in Idaho, the state Supreme Court has ruled. The decision Friday came despite a barrage of legal...

Ukraine destroys Russian supply bridges, one-fifth of ground forces

Ukraine troops have blown up two primary bridges that Russian troops used to access occupied territory as the country’s top soldier said Saturday that...
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock