Solana Network is under attack as over 5000 wallets have been drained.

Solana network has reportedly been under attack as thousands of its wallets have been drained. The attackers are continuing to transfer funds out of various individual wallets as we speak, and it doesn't seem that the source of the exploit has been identified.

SOL, the native token of the Solana network, has dropped in value after the news that over 5,000 Solana wallets have been drained in the past few hours.

Over 5000 Solana wallets have been drained in the past few hours. https://t.co/8XS7oGrJQP pic.twitter.com/oNWgtZm2oS

— OtterSec (@osec_io) August 3, 2022

"This affects multiple wallets- Phantom, slope, Solflare, TrustWallet- across a wide variety of platforms. FOR USERS, please move your assets to a hardware ledger or a centralised exchange".

Said per blockchain auditor OtterSec, adding that 

"There's also been evidence of this issue affecting ETH users, although it seems less widespread."

A Twitter user named Justin Barlow confirmed the incident as he lamented that his USDC had been drained.

For reference I haven't interacted with any contracts at all in ~40 days. My ERC-20 and SPL USDC held on both @slope_finance and @TrustWallet were drained

— Justin.sol (@JustinBarlow) August 3, 2022

However, A spokesperson for Solana Labs Austin Federa said that ongoing investigations into the breach currently indicate that there is "no evidence" that Solana's network is at fault for the exploit.

He made it known that "Engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets on the Solana Network. There is no evidence that hardware wallets are impacted."

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