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As the dust settled yesterday from the chaos of the Solana ecosystem, data surfaced that wallet provider Slope was largely responsible for a security breach that stole cryptocurrencies from thousands of Solana users.

Slope is a Web3 wallet provider for the Solana layer-1 (L1) blockchain. Via the Solana Status Twitter account on Aug. 3, the Solana Foundation took aim at Slope, stating that “the affected addresses appear to have been created, imported, or used in the Slope mobile wallet app at some point.”

Solana co-founder Anatoly Yakovenko also linked the Slope wallet to the hack on his own personal Twitter account.He recommends that users regeneration Get your mnemonic phrase from a service other than Slope as soon as possible. He also told affected users to “start practicing cold/hot wallet separation.”

The Solana-based wallet vulnerability first surfaced on August 2, when the community started reporting that their crypto wallets were draining their Solana (SOL) and other tokens.Guess so approximately $8 million in cryptocurrency stolen from nearly 8,000 wallets.

Through its investigation, the Solana Foundation determined that the private key for each wallet compromised in the exploit was “inadvertently transferred to an application monitoring service” such as Slope.

It added that there is no evidence that the Solana protocol or its cryptography is threatened by an attack.

Some Report Slope may have recorded user mnemonics on its centralized server. The server may have been compromised and leaked seed phrases that hackers could use to execute transactions.

Reports of the attack earlier in the day said Slope and Phantom users hot wallet being targeted, leading many to believe there may be broader issues with the Solana protocol, but Solana’s head of communications, Austin Fedora, shared further analysis established The issue is only related to hot wallets.

Fedora said that while 60 percent of attack victims were Phantom users, those affected did not use Phantom to generate their seed phrases.

Poe posted one statement Addressing the status of its ongoing investigation into the incident on Wednesday, it confirmed that “a group of Slope wallets were compromised in the breach,” including some belonging to its own employees.

related: GitHub faces widespread malware attack affecting projects, including encryption

The team urges users of the Slope wallet to generate a new unique seed phrase and transfer all funds to it, rather than leaving any funds on the old wallet so that it can still be used later.Phantom team stepped up warn By advising users to transfer their assets to a new non-Slope wallet.