New Phishing Scams on Solana (SOL) Have Stolen Over $4,000,000 in Crypto Assets: Security Firm

New information from a cybersecurity agency reveals that latest phishing scams over sensible contract platform Solana (SOL) have stolen over $4 million in crypto property.

In a brand new blog post, safety agency Rip-off Sniffer says that in the previous month alone, unhealthy actors had been in a position to exploit $4.17 million value of digital property from about 4,000 victims over the Solana blockchain by utilizing numerous phishing strategies.

“Rip-off Sniffer first grew to become conscious of them when a sufferer reported an airdrop phishing incident to [SlowMist founder] evilcos. The sufferer, a holder of ZERO tokens, opened a phishing web site linked to an NFT (non-fungible token) that was airdropped, which led to the theft of property after signing a malicious transaction…

The focused customers, holders of ZERO tokens, had been airdropped the phishing NFTs. Curiosity led customers to open the phishing web site, and even when confronted with a message indicating that the simulation failed, they confirmed the transaction. Nevertheless, the small print of the transaction had been hidden, and signing it resulted in the theft of property.”

Based on Rip-off Sniffer, the preliminary hack hauled in a mixed $2.14 million value of memecoins Bonk (BONK) and ANALOS and Analysoor (ZERO) amongst others.

Supply: Rip-off Sniffer

The second volley of exploits noticed a haul of about $2.02 million value of ANALOS, BONK, and Foolish Dragon (SILLY), one other meme asset, in addition to decentralized wi-fi telephone community Helium Cellular (MOBILE).

Supply: Rip-off Sniffer

The cybersecurity agency goes on to notice that hacks over SOL can solely be initiated by way of direct transaction/signature confirmations and that scammers are regularly bettering their strategies.

”Not like most thefts on Ethereum, that are attributable to malicious approval points, nearly all of phishing signatures on Solana contain initiating direct transfers. Though Solana helps transaction simulation, we additionally see strategies that exploit anti-simulation and faux simulation outcomes to confuse customers and enhance the chance of malicious signatures…

As you’ll be able to see, the phenomenon of pockets drainers is regularly increasing, and the blockchain is sort of a darkish forest. With only one signature affirmation, you could possibly lose the whole lot, as these scammers are consistently perfecting their strategies of contacting and deceiving victims at each step.

You need to keep alert to make sure that you don’t turn out to be the following sufferer.”

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