Solana Faces a Menace as Wallets Drainers Drain Over $4M in 30 Days
With the recent success of Solana, scammers and hackers are attempting to take advantage of its thriving memecoin scene.
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Solana Faces Ongoing Threat as Wallet Drainers Pilfer Over $4M in 30 Days
Solana is facing an increase in phishing scams, particularly the Rainbow Drainer and Node Drainer exploits, resulting in the theft of over $4 million from more than 4,000 users in the past month. The absence of a blocklist in the Solana ecosystem contributes to the scammers' ability to continue their campaigns. Users are urged to exercise caution to avoid falling victim to these malicious activities.
Xu LinNetflix Director Bets $4M Show Budget on Dogecoin, Rakes in $27M
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The company's objective is to enhance accessibility to digital collectibles, enabling users to acquire them without relying on Web3 wallets or exchanges.
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CointelegraphVeChain Foundation unveils $1.2B crypto treasury… but spent just $4M in Q1
The supply chain tracking project has a comfortable cushion in its Foundation treasury, but expenditures were very low through the first quarter of 2022.
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