• Solana, a blockchain infrastructure provider, faced hacking that resulted in the loss of almost USD 5 million from around 8,000 unique wallets. Users of the Solana ecosystem of major wallet providers including Phantom, Slope, and TrustWallet reported that SOL tokens were drained without their knowledge.

• The hacking is reported to have only affected mobile wallet users with many users theorizing that it was due to a private key exploit tied to Slope. Phantom stated that it had reason to believe that wallet holders that had previously interacted with a Slope wallet were affected due to complications with the Slope platform.

<ul><li> Analyst QuickTake : This marks yet another networking event that negatively impacts users of Solana blockchain since it experienced a major breakdown for the second time in June, where validators knocked out of consensus and block production halted. This is also the 3rd major hacking in the DeFi lending platform that has taken place within the last 2 months following the theft of USD 8.8 million from Crema Finance in July and USD 3.8 million from the XCarnival in June.</ul>