- The team declared that all assets in the Phantom wallet are secure.
- Until the vulnerability is resolved, Phantom has temporarily disabled several of its services.
A Distributed Denial of Service (DDoS) assault has been reported on Solana’s Phantom wallet. The protocol has detected many attempts to overwhelm its systems, according to the team behind Phantom.
PSA:
We’re currently experiencing a DDOS attack. There are attempts to overload our systems and some services may be temporarily interrupted.
Your assets are all safe. Thanks for bearing with us while we work to resolve these issues.
We will post an update when things are back…
— Phantom (@phantom) February 1, 2024
Consequently, until the vulnerability is resolved, Phantom has temporarily disabled several of its services. Additionally, it was declared that all assets in the Phantom wallet are secure, so users shouldn’t be worried.
The Phantom wallet recently exposed itself to more intensive hacking attention after integrating Bitcoin, Ordinals, and BRC-20 tokens; this assault occurs only a few months after these integrations.
Minimal Details Disclosed
Such distributed denial of service attacks often aims to exploit security holes in a system. This could manifest as delivering more data packets than the network can manage or as more requests to an application than it can manage.
When it comes to blockchain ecosystems, transaction flooding is the most common kind of distributed denial of service attack, which may affect the availability of protocols for their original users. The network starts to feel the negative effects of this over time. Additionally, smart contracts might be used to launch similar DDoS assaults.
Overwhelming the system and stealing funds is the end aim of a distributed denial of service assault. Phantom Wallet, in response to this vulnerability, has promised to inform its users that it will keep the community posted. Nothing else has been said about the DDoS assault at this time.
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- Source: https://thenewscrypto.com/solanas-phantom-wallet-hit-by-ddos-attack-services-temporarily-disabled/
