SOL - Solana Attack Once Again Has Critics Questioning Its Long-Term Viability
On Aug. 2, certain holders of cryptocurrency Solana (CRYPTO: SOL) noticed something very troubling: Their cryptocurrency wallets were being drained of their assets. At around 1 a.m. ET on Aug. 3, the team behind Solana shared on social media that it believed 7,767 wallets were affected, with the bad actors potentially making off with millions of dollars worth of cryptocurrency.
For its part, the price of Solana is shockingly resilient to this news. It's down less than 1% over the previous 24 hours, according to CoinMarketCap. However, this attack on Solana is just the latest in a long list of setbacks that have critics questioning its long-term viability.
As of this writing, it's unclear exactly how the bandits made off with funds in Solana wallets. Popular third-party wallets including Slope and Phantom were exposed to the attack. But what remains unclear is the extent of the damage and whether it's completely over.
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Solana Attack Once Again Has Critics Questioning Its Long-Term Viability