solana Faces Security Threat as Blowfish Detects Drainer Risk
Web3 security firm Blowfish recently discovered two new types. Solana strainers, ‘Aqua’ and ‘Get Lost’. These malicious programs can be used to steal users’ cryptocurrency by changing transaction conditions even after users’ private keys confirm the transaction. This statement points to the increasing complexity of cyber threats in the blockchain environment and the need for advanced security mechanisms.
Fluctuation in Solana Strainers
The discovery of Aqua and Vanish caused alarm in the Solana network, as these drains operate using the authority given to decentralized applications (dApps) to send transactions on behalf of users.
By changing a condition in the transaction data, these drains have the ability to switch from sending SOL to draining the victim user’s account. This bit-flip attack method, which involves changing the value of bits within encrypted data to influence the outcome of transactions, has become a deadly weapon in the hands of hackers focusing on the Solana network.
Spreading Scams as a Service
Blowfish’s research shows that Aqua and Vanish scripts are sold in SaaS (fraud as a service) tool markets; This makes it possible for the threat actor to employ these thieves without deep technical expertise.
The commercialization of cybercrime tools has led to an increase in the number of attacks against cryptocurrency users, and along with its growing popularity, Solana has also become a prime target. According to Chainalytics, a significant community of over 6,000 people has been created for the Sellana wallet drain kit, indicating that the threat is ubiquitous.
Efforts to Prevent Strainer Hazards
In response to the detection of Aqua and Vanish, Blowfish deployed defenses designed to thwart the two. strainers It automatically and closely monitors on-chain activity for suspicious activity. However, the challenge is still quite large as threat actors are always developing new techniques and ways to evade security measures.
The involvement of Russian developers in the creation and distribution of these filters, often with Russian documents attached, gives the Solana community an international perspective on cybersecurity issues.
Additionally, the broader blockchain security community is also rallying to confront this emerging danger. In this regard, Wallet Guard is designed for users who want to defend themselves against such attacks, which often begin with phishing attempts. Attackers use social engineering techniques to fake victims. DeFi platforms that appear to be legitimate and ask them to confirm malicious transactions.
Also read: While 90% of the Profit of Bitcoin (BTC) Addresses is Searching, Price Eyes 50 Thousand Dollars
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Kelvin is a distinguished author specializing in crypto and finance, with a bachelor’s degree in Actuarial Science. Known for her sharp analysis and insightful content, she is fluent in English and specializes in comprehensive research and on-time delivery.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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