There is an Active Drain Attack on Solana Right Now

CyberPunkMetalHead
3 min readMar 29, 2024

There is currently widespread news of a large number of Solana wallets being drained due to unauthorized access.

The alleged attack targets any wallet that may have been connected to a dApp, and according to CompendiumFi, it is recommended to disconnect your wallet from any dApp at this current time (time of writing 29/03/2024 13:18pm GMT)

Although the source of the attack is still to be identified, the current narrative points to BONKbot, a Telegram bot capable of executing trades on the Solana network, as the catalyst of the exploit. Developers associated with the project have denied any accusations, while admitting that the “exploits” have indeed surfaced within the broader ecosystem.

Although BONKbot deny that the breach has originated with them, there’s something very…

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CyberPunkMetalHead

x3 Top Writer and co-founder of Algo Trading Platform AESIR. I write about crypto, trading, tech and coding.