Solana network users are facing problems with security once again
According to WuBlockchainSolana Network users have been hit by a series of phishing attacks that have come in the form of websites that offer users content entries and then steal their SOL.
As the SlowMist blockchain security company suggests, attackers usually aim at NFT users and investors that often use airdrops and enter various contests. Hackers create a fake page with an NFT description and contest details. Once users enter the website and sign off on the transaction, all the SOL from their wallet is drained and transferred to the scammers’ address.
The NFT industry, especially on the Solana network, would be the most dangerous place for investors, as most projects in the space aim to make short-term profits with no intention of further developing the ecosystem.
Previously, many NFT investors became victims of a series of hacks and exploits caused by security issues on the biggest NFT marketplace out there – OpenSea. The damage by hackers is being valued at approximately $1 million.
The rapid drop in activity of networks like Solana and Ethereum is particularly linked to the declining popularity of the NFT industry among retail investors. OpenSea has already lost about 50% of trading volume in the last 30 days.
The Ethereum network, on the other hand, is facing the lowest network usage since the summer of 2021. Gas fees are currently reaching the local bottom and allowing users to make large transactions for less than $5. Layer 2 networks allow transactions even cheaper, for less than $0.1.
