Be Aware: Solana Phishing Attack Warning Issued by SlowMist

SlowMist is a blockchain security company with 10 years of network security experience to become a global force. It has worked on a variety of well-known projects such as Huobi, OKEx, Binance, imToken, Crypto.com, Amber Group, Klaytn, EOS, 1inch, PancakeSwap, TUSD, Alpaca Finance, MultiChain and O3Swap. SlowMist warning have to be highly considered because of their services like security audits, threat intelligence, bug bounties, defense deployments, security advisors and other security related services.

“SlowMist Alerts: Solana-authorized phishing scams are on the rise; tread cautiously”

What will be the next scam?

SlowMist Intelligence Zone provided instructions about the scam.

1. Scammers will airdrop an NFT to your wallet containing a link to mint a free NFT.
2. When user click on that link, they will directly enter into a scammer’s website.
3. It will ask you to “Connect” your wallet on the website and prompt you to “Mint”.
4. When you click “Approve,” malicious contract to initiate a transfer of all the SOL to the scammer.

According to on-chain analysis, this type of phishing behavior has been on the rise.

In addition, “SlowMist advises everyone to use caution when approving transactions on #solana Authorized approvals for malicious contracts to have the ability to transfer all Sol to scammers.”

Slowmist about Solana’s popular wallet

Cryptocurrencies and the NFT ecosystem are full of opportunities and theft.  Slowmist has tracked over 650 hacking events that cost more than $ 25 billion to users around the world.

SlowMist team expressed, “Phantom, the most popular wallet on Solana, likewise does not provide users with transaction insight before approving transactions. These vulnerabilities can give their users a false sense of security”.

Need to think about recent hack of Solana

Wormhole is a protocol that lets users move their tokens and NFTs between Solana and Ethereum. This linking blockchains lost more than $320 million on February 2,2022 afternoon in an apparent hack. Solana went down 17 hours after being attacked by a trading software bot. This has also recently impacted network performance.

This is DeFi’s second-largest exploit in history, following Ethereum’s $ 600 million crypto robbery on the Poly Network and against Ethereum’s rival Solana, which is gaining momentum with non-fungible tokens (NFTs).

To avoid the next big scam, crypto users can take a look on SlowMist security company’s alert to prevent and protect their tokens from crypto platform.