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Solana network suffers another $100M scam at Mango Markets
13.10.2022
A decentralized blockchain Solana has suffered several exploits over two months. While the rest of the market was busy trading digital assets, the Solana network was experiencing a scam through its Phantom wallet. Mango Markets is a decentralized high-performance blockchain having headquarters...
Fake Solana wallet security update is trying to steal your crypto: Reports
11.10.2022
Password-stealing malware is being spread by hackers through NFT airdrops purporting to be Solana Phantom security updates
Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’
1.10.2022
The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused...
Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL
7.7.2022
Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto assets. According to the team, the hacker agreed to take a white hat bounty worth 45,455 solana. Hacker...
Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen
3.7.2022
According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions —...
Solana developers tackle bugs hoping to prevent further outages
7.6.2022
Solana developers have tackled the “durable nonce transaction” bug that knocked the network offline for the fifth time this year earlier this month as network activity slows
Solana Halts Block Production, Validators Told to Prep for a Restart, Network’s Decentralization Criticized
1.6.2022
On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued...
Solana suffers 7th outage in 2022 as bots invade the network
2.5.2022
NFT minting bots on Solana contributed over 4 million transactions per second, knocking validators out of consensus and crashing the network for around seven hours
$2.5 Billion in NFT Sales This Week, Volume Climbs 161%, Meebits NFT Sales Surge
16.1.2022
During the last seven days, there’s been $2.53 billion non-fungible token (NFT) sales, up 161% over the past week. Ethereum’s blockchain recorded the most NFT sales with $2.45 billion of the aggregate while the Solana network saw around $31.9 million in NFT sales this week. Across...
Solana network faces degraded performance for the second time this week
7.1.2022
Solana suffered a fourth network incident in the span of a few months. Two out of the four network issues happened this week
Scalability or stability? Solana network outages show work still needed
22.12.2021
Solana’s outages could be interpreted as mere hiccups in a new blockchain, but some suggest there’s cause for concern
Solana Ventures, FTX, and Lightspeed Launch $100 Million Blockchain Gaming Fund
8.11.2021
Solana Ventures, the investment arm of the Solana blockchain, FTX, and Lightspeed, a venture capital firm, have announced the launch of a joint web3 gaming initiative. The fund will have $100 million at its disposal to invest in gaming projects using blockchain-based systems in the Solana network....
Wormhole Adds Binance Smart Chain Support to Network Bridge
12.10.2021
During the first week of September, the Wormhole Network’s ethereum ↔ solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT) collectibles. On Monday, the Wormhole dev team...
Cyclos Raised $2.1M for Concentrated Liquidity AMM on the Solana Network
7.9.2021
September 6, 2021 — Cyclos, Solana’s new DeFi project, raises 2.1M dollars from public and private investment rounds. The project used the funds to develop the first concentrated liquidity AMM (automated market maker) on the Solana network. The AMM will offer several unprecedented features capable...
3 reasons why Solana bounced harder than Bitcoin and Ethereum
23.6.2021
The 14th largest cryptocurrency by market cap jumped by more than 55% after bottoming out at $20.14 on Tuesday