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/biz/ - Business & Finance

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50723320 No.50723320 [Reply] [Original]

It's over. Sell it all. Today
https://www.bloomberg.com/news/articles/2022-08-03/crypto-takes-a-fresh-hit-as-thousands-of-solana-wallets-hacked

>> No.50723466
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50723466

>>50723320
The real crypto is in my brain good luck hacking that

>> No.50723474

alright give me the straight goods without hype

is solana itself actually compromised? are your cold wallets actually at risk? or is this just a bridge hack or an issue with a particular protocol on solana rather then the chain itself?

>> No.50723518

damnnnnnnnnnn itttt

>> No.50723540

>>50723320
Bullish

>> No.50723543
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50723543

>>50723474
Unofficial but most likely theory: public key + nonce allows sophisticated attackers to find private keys of any SOL holder. Can not be fixed without scrapping the whole Solana blockchain.

Official theory from Solana: unknown vulnerability with one of the popular SOL wallets

>> No.50723566

>>50723320
I'm buying more.

>> No.50723575

>>50723474
an update to slope wallet caused it to start broadcasting private keys...

>> No.50723590

>>50723474
well okay seed phrases
https://twitter.com/0xfoobar/status/1554928011669118976

>> No.50723596

>>50723566
Checked unironically this kek

>> No.50723632

>>50723543
ah thanks, makes sense

well, my paranoid assumption is that the big money already knows whats up. using their contacts and insiders and information the rest of us don't have.

and if things are actually really bad they will make it seem like solana is fine and then create some good news to flood retail into the market for exit liquidity so they can leave before shit gets worse. price will go up and then down.

or if things are fine, they'll take advantage of the situation to create news to make it seem like its worse then it is so the price will crash and they can buy more cheaper. price will go down and then up.

not financial advice, just my paranoid theorizing. don't take me too seriously and then buy the bad news or sell the good news because maybe not everything is as manipulated as i think.

>> No.50723741
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50723741

>>50723543
Would most likely be the second one as "only a few thousands wallets and 5mil" have been stolen. Yhough it would be a bad strategy if you have this type of exploit. Just spot wallets with a few thousands, even hundreds and steal like 2 or 3 per day. you could do that for years and people would thought hey have been hacked somehow

>> No.50723797
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50723797

SOL IS BLEEDING SATS AND GWEI. FUCK FUCK FUCK

>> No.50723873

>>50723543
Hardware wallets hadn't been hacked
Hot wallets with 0 transactions (just receiving) had been hacked
The problem is all of solana wallets are closed source crap

>> No.50724028
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50724028

meanwhile Avalanche is doing fine.
Fuck Solana
Fuck FTX
and FUCK that fat vegan jew