Solana

USDC

In a recent report, blockchain security platform Scam Sniffer has revealed that there is a new wave of sophisticated phishing attacks in the Solana ecosystem. The report stated that these Solana wallet drainers have now stolen over $4 million in user assets from 4,000 victims in the last 30 days. 
<h2 id="strong-scam-sniffer-raises-alerts-over-new-solana-phishing-scams-strong">Scam Sniffer Raises Alerts Over New Solana Phishing Scams</h2> 
In <a href="https://x.com/realScamSniffer/status/1746190469477130663?s=20" target="_blank" rel="noopener nofollow">an X post</a> on January 13, Scam Sniffer shared information on these new sophisticated attacks aimed at Solana wallets. The “Web3 Anti-scam platform” stated that phishing attacks on the Solana network often center around direct asset transfer and exploiting vulnerabilities in transaction stimulations.&nbsp; 
They also highlighted the two scammers behind these waves of attacks, namely the Rainbow Drainer and the Node Drainer.&nbsp;According to Scam Sniffer, its earliest discovery of the Rainbow Drainer was on December 16, 2023 after one of their victims filed a report of an airdrop phishing event.&nbsp; 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 1/ <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Over $4M in assets have been stolen by sophisticated Solana wallet drainers, and nearly 4k users have fallen victim to these phishing attacks in the past month. <a href="https://t.co/qyNQthr7Wk" rel="nofollow" target="_blank">pic.twitter.com/qyNQthr7Wk</a> 
 — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) <a href="https://twitter.com/realScamSniffer/status/1746190469477130663?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">January 13, 2024</a>
</blockquote> 
The Rainbow Drainer steals from unsuspecting users who unknowingly approve malicious transactions. In addition, these scammers employ anti-simulation measures which conceal alternations in the wallet balance of their victims. Using <a href="https://dune.com/scam-sniffer/solana-rainbow-drainer" target="_blank" rel="noopener nofollow">data from Dune Analytics,</a> Scam Sniffer reports that the Rainbow Drainer has struck 2,189 Solana users, looting $2.14 million in assets. These include $465,817 BONK, $173,382 ZERO, $165,932 USDT, $116,612 mSOL, and $93,266 USDC among others.&nbsp; 
The Solana Node Drainer began operation during the Christmas period, according to Scam Sniffer’s report. The “Anti-Scam” platform states that this scammer<a href="https://dune.com/scam-sniffer/solana-node-drainer" target="_blank" rel="noopener nofollow"> has now snatched $2.03 million</a> worth of tokens from 1,759 victims in the last two weeks.&nbsp;The stolen assets include 638,644 ANALOS, $325,432 BONK, $93,987 SILLY, and $80,329 USDC among others. Of this loot, Scam Sniffer also noted that the Node Drainer has already swapped some USDC for ETH via the AllBrigde, recording over $1 million profit. 
The security platform admonishes all crypto users to stay vigilant and be aware of these attackers, describing the blockchain space as a “dark forest.” 
<h2 id="strong-war-against-crypto-theft-continues-strong">War Against Crypto Theft Continues</h2> 
Scams, hacks, and fraud still remain a general concern in the crypto space for many investors, businesses, and nations worldwide. According to <a href="https://www.cfo.com/news/crypto-fraud-losses-down-51-in-2023/704073/#:~:text=Though%20blockchain%20and%20crypto%20are,%243.7%20billion%20lost%20in%202022." target="_blank" rel="noopener nofollow">a report by the finance-focused publication CFO,</a> about $1.8 billion alone was lost to crypto fraudsters and hackers in 2023. While this figure represents a commendable 51% decline from the $4 billion loss reported in 2022, there is still a need for improved security systems in the digital asset ecosystem 
At the time of writing, the crypto total market cap is valued at $1.64 trillion, with a 1.88% gain in the last week. The market leader’s Bitcoin is currently down by 0.17% in the last hour, trading at 42,767. 09. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/GzLKxcIy/" alt="Solana" width="1479" height="893">

Over $4 Million Stolen From Solana Wallets In Sophisticated Phishing Attacks – Report

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