One of the largest online communities dedicated to Solana, a popular cryptocurrency, has over 6,000 members, according to blockchain security firm Chainalysis. Recently, there has been growing concern about malicious decentralized applications that target users with Solana-based scams. These scams are known as “drainers” and they drain funds from digital wallets. The most successful drainer kits are flexible and can target various assets using different methods.
Chainalysis senior intelligence analyst Brian Carter highlighted the links between Russia and the developers offering drainer kits for sale. The documentation for these kits is often in Russian. Carter also mentioned that the largest community devoted to one Solana drainer has about 6,200 members. However, most of the drainer kits used in crimes today are not specific to Solana and can target other assets as well.
To mitigate the threat of these scams, experts suggest using tools like Wallet Guard, which provides protections against Solana drainers. Phishing with malicious links is a common attack vector, where scammers exploit people’s fear of missing out and spam users in decentralized finance communities with links to fraudulent websites. Social media accounts and Discord communities are often compromised and used to promote these scams.
Cybercriminals began offering Solana drainer kits to scammers in December. These kits are sold on private hacker chat groups and the dark web, with prices starting as low as $250 per month. The kits are designed to facilitate cyber theft by tricking victims into entering their wallet details on counterfeit websites.
It is currently unclear how much has been stolen through Solana drainers, but some examples show that the providers of these kits take a cut of the stolen assets. Phishing on the Solana network is not new, but with the recent surge in Solana’s price, cybercriminals are increasingly targeting individuals in the ecosystem.
Overall, the rise of Solana drainers poses a significant threat to users of the cryptocurrency. These scams are highly sophisticated and can deceive the simulations used by Solana wallets, leading users to unknowingly sign malicious transactions.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Joe Green, Brian Carter |
| Companies | Cointelegraph, Chainalysis, CertiK, Wallet Guard, Blockaid |
| Currencies | Solana |
| Securities | None |
