1/ 🚨 Supply chain attack on the #Solana ecosystem
What happened, who was affected, and how was it contained? Here's what you need to know:
🧵👇
2/ What happened:
The account with publishing access to solana/web3js was compromised.
The attacker injected malicious code that stole private keys and drained funds from dApps that interacted with them.
It mainly affected developers who updated the library in a short period.
3/ Solana blockchain is safe:
This incident did not involve the #Solana protocol, only the JavaScript library.
Non-custodial wallets and end users were not affected, as they do not expose private keys in transactions.
Projects such as Phantom and Backpack confirmed that they did not use the compromised versions.
4/ Estimated losses:
Approximately $160,000 in $SOL and $31,000 in other tokens were stolen. $LEPER $CWIF $BONK $JUP
5/ Solana (SOL) price technical analysis: Impact of the attack and projection
Following the news of the attack on Solana's library, the price of SOL remains stable around $232, showing a contained reaction thanks to the rapid containment of the incident. 📊
Recent performance:
Key resistance: $241-$242, coinciding with the top of the Bollinger Bands.
Support: $228, where the lower band and a previous accumulation zone are located.
The RSI at 59 suggests neutral momentum, but with the possibility of momentum if it breaks resistance.
Likely scenarios for Solana:
🔹 Bullish: If SOL breaks $242 with increasing volume, it could head towards $250-$260, resuming the bullish momentum after the incident.
🔹 Bearish: If it loses $228, we could see a pullback towards $220, a key level to avoid a deeper correction.
The market seems to be assessing the implications of the attack, but the technical response and quick containment have limited the negative impact.