BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Solana Hacked Again: Scam-as-a-Service Tools Target Users’ Funds

Matoy by Matoy
February 12, 2024
in BUSINESS, CRYPTO, INVESTING
Reading Time: 3 mins read
5
SHARES
76
VIEWS
Share on XShare in TelegramShare on Reddit
  • Solana wallet drainers utilize bit-flip attacks to change transaction data after signing, allowing theft of users’ funds.
  • Two new drainers, Aqua and Vanish, are being sold on scam-as-a-service sites and target Solana dApps.
  • Solana faces increasing draining attacks, with some exploit kits having thousands of members. Users should only interact with trusted sources.

Web3 security firm Blowfish has identified two new Solana wallet drainers that can steal users’ funds through bit-flip attacks, according to Web3 security firm Blowfish. These tools are being offered for sale on scam-as-a-service marketplaces.

How the Drainers Work

The drainers, named Aqua and Vanish, work by modifying a conditional statement within a transaction’s on-chain data, even after the transaction has been signed by the user with their private key.

Specifically, the drainers target decentralized apps (dApps) that have been granted authority to submit transactions on the user’s behalf. If the dApp’s on-chain program contains a conditional that checks if funds should be sent to the user or drained from their account, the drainer can flip that conditional at any time after the transaction is signed.

ICYMI: Security firm Blowfish (@blowfishxyz) uncovers two new Solana wallet drainers

– Aqua

– Vanish

Both being sold on scam marketplaces

— BlockNews.com (@blocknewsdotcom) February 12, 2024

This allows the drainer to temporarily hold the transaction, then submit it later with the conditional flipped to drain funds instead of sending them. The user is unaware of the change since their valid signature is still applied.

The Bit-Flip Attack

The drainers utilize a bit-flip attack, which changes the value of some bits in the encrypted data to manipulate the system. The drainer can modify the transaction without knowing the encryption key. Flipping specific bits in a predictable way allows the data to be decrypted differently than the user intended.

Drainers Targeting Solana on the Rise

Solana has faced an increasing number of crypto-draining attacks recently. Per Chainalysis, one online community devoted to a Solana wallet drainer kit had over 6,000 members as of January. The most successful kits can target assets in various ways.

Blowfish has implemented automatic defenses against the newly identified drainers and is monitoring the blockchain for further exploits. Users should be vigilant about only approving transactions from trusted sources on Solana and other chains vulnerable to bit-flip attacks.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: dAppHackSolana
Tweet1ShareShare
Matoy

Matoy

If Matoy is not busy looking at the latest Web3 news, he's always in the kitchen cooking delicious meals for his family. He's also a competitive fighting game player and a car enthusiast

DON'T MISS THESE! HOT OFF THE PRESS

XRP Holds Steady After ETF Debut — Here Is When Real Buying Pressure May Arrive
CRYPTO

XRP Holds Steady After ETF Debut — Here Is When Real Buying Pressure May Arrive

November 14, 2025
Zcash Just Pumped 1,436% While the Market Crashed.Fully Private ZEC Purchases Hit Zashi Next Week
CRYPTO

Zcash Just Pumped 1,436% While the Market Crashed.Fully Private ZEC Purchases Hit Zashi Next Week

November 14, 2025
Ethereum Is Clinging to the $3,150 Zone — And the Market’s Reaction Here Could Shape the Next Major Move
CRYPTO

Ethereum Is Clinging to the $3,150 Zone — And the Market’s Reaction Here Could Shape the Next Major Move

November 14, 2025
VanEck’s Solana ETF Looks Ready for Takeoff — Final SEC Filing Clears the Runway
CRYPTO

VanEck’s Solana ETF Looks Ready for Takeoff — Final SEC Filing Clears the Runway

November 14, 2025
Tom Lee’s Bitmine Just Scooped $29M in ETH. Is This the First Big Move on Ethereum’s Road to $10K?
CRYPTO

Tom Lee’s Bitmine Just Scooped $29M in ETH. Is This the First Big Move on Ethereum’s Road to $10K?

November 14, 2025
Polymarket Strikes Exclusive Deal With UFC & Zuffa Boxing — Here’s How Crypto Predictions Are Going Mainstream
CRYPTO

Polymarket Strikes Exclusive Deal With UFC & Zuffa Boxing — Here’s How Crypto Predictions Are Going Mainstream

November 14, 2025
Load More

Related News

XRP Holds Steady After ETF Debut — Here Is When Real Buying Pressure May Arrive

XRP Holds Steady After ETF Debut — Here Is When Real Buying Pressure May Arrive

November 14, 2025
Zcash Just Pumped 1,436% While the Market Crashed.Fully Private ZEC Purchases Hit Zashi Next Week

Zcash Just Pumped 1,436% While the Market Crashed.Fully Private ZEC Purchases Hit Zashi Next Week

November 14, 2025
Ethereum Is Clinging to the $3,150 Zone — And the Market’s Reaction Here Could Shape the Next Major Move

Ethereum Is Clinging to the $3,150 Zone — And the Market’s Reaction Here Could Shape the Next Major Move

November 14, 2025
VanEck’s Solana ETF Looks Ready for Takeoff — Final SEC Filing Clears the Runway

VanEck’s Solana ETF Looks Ready for Takeoff — Final SEC Filing Clears the Runway

November 14, 2025
Tom Lee’s Bitmine Just Scooped $29M in ETH. Is This the First Big Move on Ethereum’s Road to $10K?

Tom Lee’s Bitmine Just Scooped $29M in ETH. Is This the First Big Move on Ethereum’s Road to $10K?

November 14, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews