Ongoing solana attack targets thousands of crypto wallets, costing users more than $5 million so far

The logo of cryptocurrency platform Solana.
Jakub Porzycki | NurPhoto via | Getty Images

Nearly 8,000 digital wallets have been depleted of just over $5.2 million in digital currencies, including solana's sol token and USD Coin (USDC), according to blockchain analytics firm Elliptic.
Twitter account Solana Status confirmed the attack, noting that as of Wednesday morning, approximately 7,767 wallets have been affected by the exploit. Elliptic's estimate is slightly higher with 7,936 portfolios.
The logo of the Solana cryptocurrency platform.

Jakub Porzycki | NurPhoto via | Getty Images

Nearly 8,000 digital wallets have been depleted of just over $5.2 million in digital currencies, including solana's sol token and USD Coin (USDC), according to blockchain analytics firm Elliptic. Twitter account Solana Status confirmed the attack, noting that as of Wednesday morning, approximately 7,767 wallets have been affected by the exploit. Elliptic's estimate is slightly higher with 7,936 portfolios.

Solana's sol token, one of the largest cryptocurrencies after bitcoin and ether, fell about 8% in the first two hours after the hack was initially detected, according to data from CoinMarketCap. It is currently down around 1%, while trading volume is up around 105% in the last 24 hours.