After a string of security breaches and exploits over the past few months negatively impacted investor sentiment, Solana, a layer-1 blockchain, is experiencing another attack. As a result, this has sparked a decline in the platform-native SOL token's value as well as investor's trust. At the time of writing, #SOL is trending on Twitter due to an exploit that began Tuesday, August 2, 2022, draining as much as $8 million from thousands of Solana-based wallets like Slope and Phantom so far. Per the latest report by blockchain auditing firm OtterSec, "the attack is still ongoing, and more than 5,000 Solana-based wallets have been compromised so far.
