BREAKING: Wallets Drained In Ongoing Solana Breach

Layer 1 blockchain Solana is in the midst of an apparent system-wide breach, with users finding their wallets emptied and NFT marketplace Magic Eden urging others to change their wallet settings to protect any remaining assets. 

The exploit was first reported by Twitter user SolportTom.

Crypto auditor OtterSec said at least 5,000 wallets had been compromised. 

“These transactions are being signed by the actual owners, suggesting some sort of private key compromise,” OtterSec tweeted. 

Users of at least three crypto wallet providers – Phantom, Slope and Trust – reported stolen assets Tuesday. 

“There seems to be a widespread SOL exploit at play that’s draining wallets throughout the ecosystem,” Magic Eden tweeted just after 8 p.m. ET, before suggesting that users “revoke permissions for any suspicious links in their Phantom wallets.

Phantom says that the issue is not limited to its platform. 

“We are working closely with other teams to get to the bottom of a reported vulnerability in the Solana ecosystem,” the Solana wallet provider tweeted. “At this time, the team does not believe this is a Phantom-specific issue. As soon as we gather more information, we will issue an update.”

Solana co-founder Anatoly Yakovenko did not immediately respond to a request for comment sent via Twitter. 

This is a developing story.

UPDATED on 8/02 @ 1030pm ET to include findings from OtterSec.