Solana wallet drainer activity has increased in recent months as the price of SOL has risen, making SOL and SOL-based memecoin holders more appealing to phishing targets.
Solana wallet
According to blockchain security firm Chainalysis, one of the largest online communities devoted to just one popular Solana SOL$100 wallet drainer kit has over 6K members.
Several blockchain security firms have expressed concern in the last week about an increasing number of malicious Solana DApps that have targeted users with Solana-based drainers.
Source: Blockaid
He also mentioned that there were Russian connections to the small community of developers selling drainer kits because the documentation was frequently in Russian.
“The largest community devoted to one Solana drainer has about 6,200 members,” he explained before adding:
“There is a single well-received Solana drainer kit that links to the same developer and is advertised through several channels.” Most drainer kits that are used in crimes today are neither exclusive to Solana nor special.”
To counteract the threat, he suggested using tools like Wallet Guard, which recently added protections against Solana drainers. He went on to say that phishing with malicious links was a popular attack vector.
Source: Wallet Guard
“Many drainers take advantage of people’s FOMO and spam users in DeFi communities with links to legitimate-looking but fraudulent websites.” “Social media accounts and Discord communities are frequently hacked and used to promote links to drainer websites,” he continued.
Many cybercriminals began offering Solana drainer kits to scammers in December, according to blockchain security firm Certik.
