The largest Solana drainage community has over 6,000 members: chain analysis

The largest Solana drainage community has over 6,000 members: chain analysis



One of the largest online communities for a popular Solana (SOL) wallet leak kit has more than 6,000 members, according to blockchain security firm Chinalysis.

Over the past week, several blockchain security firms have shared their concerns about the increasing number of malicious Solana daps targeting users with Solana-based drains.

Brian Carter, senior intelligence analyst at Chinalysis, told Cointelegraph that the most successful liquidators are flexible and can liquidate different assets using different methods.

He added that there were Russian contacts with a small community of developers who offered sewage equipment for sale, as the document was mostly in Russian.

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The largest community assigned to one Solana drainage has about 6,200 members.

“There is actually a successful Solana drain kit, with multiple channels connected to the same developer. Many of the sewer tools used in crime today are not limited to Solana.

He suggests using tools like Wallet Guard, which recently implemented protections for Solana sewers, to mitigate the risk. Phishing with malicious links is a common attack vector, he added.

“Many drainers exploit people's fear of loss and spam users in DeFi communities with links to seemingly legitimate but fraudulent websites. Social media accounts and Discord communities are often hacked and used to promote links to sewer sites.

According to blockchain security firm Sertic, many cybercriminals began offering Solana extraction kits to fraudsters in December.

The kits are sold in private hacker chat groups and on the dark web, and can cost as little as $250 a month, according to scripts shared by Certike.

Crypto drainer kits are designed to facilitate cyber theft by draining money from digital wallets. They mainly operate through phishing scams that trick victims into entering their wallet details on fake websites.

Certic analyst Joe Greene told Cointelegraph that it is currently unclear how much has been stolen from all of Solana's sewers. But, in some examples, “they have a similar approach to AVM leaks that we see where the supplier cuts off the stolen assets.”

“Phishing on the Solana network is nothing new,” he said, before adding, “But with the resurgence of Solana's value, cybercriminals are beginning to focus on targeting individuals within the ecosystem.

The price of SOL has increased more than 400% in the last three months.

Related: Hacking Team Pink Drainer Strikes Again, Looting $4.4M From 1 Victim

On January 2, Web3 security firm Blockaid reported that a separate Solana leak managed to steal hundreds of thousands of dollars worth of SOL and SPL tokens.

“These drains are very sophisticated and trick the tokens used by Solana wallets to cause users to unknowingly sign malicious transactions,” he reported.

Magazine: Diffie's Billion Dollar Secret: Insiders Responsible for Hacking



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