😎 Solana wallets cleaned out (with BFC commentary)

It's a quite common mistake that developers are not filtering out sensitive data from such payloads. Error reports containing private keys and seed phrases went to a centralized server that was most likely compromised at some point.

Many people used the same imported/exported private keys in other popular wallets (like Phantom). That's why it was damn hard to understand at first what the vector of this attack was.

Is Solana blockchain compromised?

No. It's just a matter of issue with the wallet app named Slope.

What to do? How to live with that?
I have just one piece of advice for you on how to avoid such situations in the future. Always hold your tokens in cold wallets without access to the internet. Try not to use the same private key in many wallet apps. Beware which smart contracts you are interacting with.

My funds were stolen. What should I do?

Do not use any private key generated or imported into the Slope wallet. The attacker may have them.

FUN FACT - BRIDGE

Our Fun Facts are not only fun but also practical. We're explaining web3 to make the hard things easy for crypto newbies.

The Bridge is a term often used in web3 technologies. It’s helpful in day-to-day crypto usage.

You know that the web3 world is based on blockchains.

There are many blockchains, e.g., Ethereum and Solana. Layer 2 is a separate blockchain that extends L1. It’s faster and just as secure as L1. An example of L2 for Ethereum L1 is Arbitrum.

For the sake of education, let us assume that L1 and L2 blockchains are separate lands. Every land has its tokens that allow doing operations in the blockchain.

The Bridge is used to pass tokens from one land to another. As a user, you can transfer your tokens from one blockchain to another using the Bridge. By definition - a blockchain bridge is a protocol connecting two blockchains to enable interactions between them.

EXPRESS-NEWS

More options interest open for ETH than for BTC for the 1st time in record history. There was $5.6B in ETH and only $4.6B in BTC.

Ethereum miners have spent tons of money on hardware. After The Merge, they no longer need to verify transactions. The miners want to fork the network and continue to use it the old way. They call the fork ETH-POW, an acronym for Ethereum Proof-of-Work. Proof-of-Work is a name of consensus algorithm used in blockchain.

One of the BTC whales, Michael Saylor, has announced that he will step down as MicroStrategy CEO and remain as Executive Chairman . It occurred after the report of MicroStrategy's quarterly loss of $1.062 billion and a 3% decrease in total revenue.

Nomad token Bridge was hacked. It was one of the giant exploits in crypto. $190m was stolen.